STRATEGIC costs management at societies group level. Multicriterial model for optimization

Cerasela Pirvu and Anca Mehedintu ()

MPRA Paper from University Library of Munich, Germany

Abstract: In our opinion, the performances at group level must be analyzed differently, depending on the adopted strategy. Thus, we consider that a major problem of the accounting and cost control is their compatibility with the strategy. This is justified by the fact that a certain system, that can be an efficient instrument for assessing the performances of a group whose strategy is cost dominated, could cause malfunctions in a company that adopts a differentiation strategy. Because groups’ management currently faces a specific problem – adopting decisions when several objectives are followed simultaneously or the same objective common for more branches – we consider that, in such cases, the decisions cannot be based on a classic model of optimization of a single objective function. We consider that an optimization model with several objective functions, which aims at optimizing the costs for the subsidiaries and choosing a satisfactory solution for the company, is necessary.

Keywords: costs; the optimization of the costs; decision process; linear programming; games theory. (search for similar items in EconPapers)
JEL-codes: M10 M41 (search for similar items in EconPapers)
Date: 2009-09-08
New Economics Papers: this item is included in nep-acc and nep-cse
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