The Necessity of Lowering Production Cost in the Management of Coal Mining Units

Ionela-Claudia Dina and Gabriela Buşan
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Ionela-Claudia Dina: “Constantin Brâncuşi” University of Tg.-Jiu, Romania
Gabriela Buşan: “Constantin Brâncuşi” University of Tg.-Jiu, Romania

Annals of the University of Petrosani, Economics, 2009, vol. 9, issue 3, 219-222

Abstract: In the current economic conditions, cost is a key instrument in decisions on resource allocation, which are often limited, on the volume and structure of production, increase or withdraw supply of goods or services market, etc. In these circumstances the best choice is to choose a minimum cost. In its universal acceptance, the cost of production is an economic category that provides information about the work done by an operator and is a key factor of economic and financial analysis of the efficiency of the unit. Calculating the cost of production is achieved only at a general level, but are taken into account and: distribution cost, labour cost, cost of education, health, information, administration, time, debt (credit), inflation, unemployment, economic reform, ecological cost.

Keywords: managerial decision; resources; production cost; cost calculation; cost reduction; coal mining industry (search for similar items in EconPapers)
Date: 2009
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