{"product_id":"price-and-product-mix-decisions-under-different-cost-systems-von-philipp-plank","title":"Price and Product-Mix Decisions Under Different Cost Systems","description":"\n                                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.\n                \n                \u003cp\u003e\u003c\/p\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783658193201\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783658193201","offer_id":40611268821085,"sku":"9783658193201","price":80.24,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/3c870a94-0a7d-4741-9ada-a3090613010d.jpg?v=1775711818","url":"https:\/\/shop.autorenwelt.de\/products\/price-and-product-mix-decisions-under-different-cost-systems-von-philipp-plank","provider":"Autorenwelt Shop","version":"1.0","type":"link"}