Price and Product-Mix Decisions Under Different Cost Systems

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​Philipp Plank analyses the question, what drives the quality of cost-systems and is the quality of cost-systems directly and at best positively related to the firms’ performance. In other words, is it worth investing in complex cost allocation systems or are there environmental and/or production settings in which less enhanced systems perform adequately. Using simulations, a benchmark firm (first-best solution) perfectly allocating cost to products is compared to firms implementing heuristic cost-allocation schemes (second-best solution) to identify the profit gap resulting from decisions based on limited information. Into this discussion, the idea of cost-stickiness is integrated, thereby indicating a new planning approach.ContentsAbout the adequacy of full-costing for decision makingFrom cost system design to pricing and portfolio decisionsAbout the adequacy of simulations in management accounting researchA theory review of relevant simulation models in management accountingPrice and product-mix decisions under different cost systemsExtended decision model incorporating cost-stickinessTarget GroupsAcademics and students in the fields of planning and accountingPractitioners in controllingThe AuthorPhilipp Plank received his doctoral degree from the University of Cologne under the supervision of Prof. Dr. C. Homburg. He now works as a project manager und data scientist.