Institutional Approach to Enterprise Production Cost Analysis and Optimization

Daniel S. Demidenko () and Ekaterina D. Malevskaia-malevich
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Daniel S. Demidenko: Institute of Industrial Economics and Management, Peter the Great St. Petersburg Polytechnic University
Ekaterina D. Malevskaia-malevich: Institute of Industrial Economics and Management, Peter the Great St. Petersburg Polytechnic University

A chapter in Financial Environment and Business Development, 2017, pp 601-610 from Springer

Abstract: Abstract According to the classical rules of economics, performance measure in physical or value terms is considered to be the main criterion for enterprise size characterization. Accuracy of the enterprise size parameter possesses not only methodological value but is also the key aspect of economic management, because the value of current production costs is directly associated with the enterprise size and defined by the production quantity released in physical or value terms. The article discusses an institutional approach to the enterprise size and production cost analysis and optimization.

Keywords: Enterprise; Production costs; Optimization problem; Enterprise size (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-319-39919-5_43

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DOI: 10.1007/978-3-319-39919-5_43

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