Cost-variance-based control with noisy observation

Miles Gietzmann and Michael Selby

European Accounting Review, 1994, vol. 3, issue 1, 1-14

Abstract: We develop a model of managerial planning and control in an environment subject to noisy observation. Our paper differs from other models with noisy observation by focusing on the allocation of a scarce corporate resource. We show that linear performance appraisal is optimal in the noisy observation environment. An application of our results facilitates comparison between accounting and engineering-based planning and control paradigms.

Date: 1994
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DOI: 10.1080/09638189400000001

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