IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v3y2011i39p100-113.html
   My bibliography  Save this article

Analysis And Prognosis Of Costs - Support In Making Decisions

Author

Listed:
  • Cerasela Pîrvu
  • Anca Mehedin?u
  • Cristian Pîrvu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

Estimating the production costs constitutes one of the main problems in making decisions for a company, the information regarding the costs being the first to be considered in the decision making process. An estimation of the costs is necessary both for short and long term company strategies. Therefore, on a short term basis, cost estimations are necessary for the decisions regarding the growth of the offer volume towards the maximum production capacity. On a long term basis, decisions based on cost estimation are the ones regarding the extension and restriction of the company’s size, taking into account the corresponding optimal production. The model presented in this study is based on the method of the littlest squares, a method used in the prognosis of economic processes. It was implemented in three companies which unfold their activity within the framework of three different industries, thus verifying its functionality.

Suggested Citation

  • Cerasela Pîrvu & Anca Mehedin?u & Cristian Pîrvu, 2011. "Analysis And Prognosis Of Costs - Support In Making Decisions," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 3(39), pages 100-113.
  • Handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:100-113
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0039v3-016.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Henri Savall & Véronique Zardet, 2008. "Mastering Hidden Costs and Socio-Economic Performance," Post-Print halshs-00779936, HAL.
    2. Henri Savall & Véronique Zardet, 2008. "Mastering Hidden Costs and Socio-Economic Performance," Post-Print halshs-02097083, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alexis Roche, 2016. "Influence Of The Size Organizations On Recognition Expectations In Small Organizations," Post-Print hal-01357036, HAL.
    2. Criveanu Maria & Taicu Marian, 2013. "Visible Costs And Hidden Costs In The Baking Industry," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 24-30, April.
    3. Gary COKINS & Sorinel CAPUSNEANU & Dan Ioan TOPOR & Oana Raluca Ivan, 2017. "The hidden costs of self-management services in the accounting activity of a company," The Audit Financiar journal, Chamber of Financial Auditors of Romania, vol. 15(146), pages 244-244.
    4. Mark E. Hillon & Yue Cai-Hillon & Darrell Brammer, 2012. "A Brief Guide to Student Projects with Industry," INFORMS Transactions on Education, INFORMS, vol. 13(1), pages 10-16, September.
    5. Michel Fortier & Marie-Noëlle Albert, 2015. "From Resource to Human Being," SAGE Open, , vol. 5(3), pages 21582440156, September.
    6. Li-Ting Yeh, 2020. "Using Weighted Data Envelopment Analysis to Measure Occupational Safety and Healthy Economic Performance of Taiwan’s Industrial Sectors," Mathematics, MDPI, vol. 8(9), pages 1-13, September.
    7. Laura Khachan & Maïté Rateau & Laurent Cappelletti, 2020. "Sales Measures do not fit all: A little bit of everything," Post-Print hal-02888080, HAL.
    8. Osmar Arandia & Luis Portales, 2015. "Fundamentos de la gestión humanista: una perspectiva filosófica," Revista Ad-Minister, Universidad EAFIT, June.
    9. Aziz El Atiki El Guennouni & Khalid Chafik, 2015. "L'impact de l'intégration des ERP sur la fonction contrôle de gestion : transformation ou stabilité ? Essai d'élaboration d'un cadre conceptuel de recherche," Post-Print hal-03380217, HAL.

    More about this item

    Keywords

    costs; managerial process; management of cost; analysis and prognosis of costs;
    All these keywords.

    JEL classification:

    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:100-113. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anca Bandoi (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.