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Improvement Cost Calculation – A Necessity In The Electrical Industry

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  • Constanta Iacob
  • Luminita Popescu (Costache)

    (University of Craiova Faculty of Economics and Business Administration)

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    Abstract

    The constant increase of the economic efficiency, as well as the requirements of the managerial teams within the market economy determine the need to improve the methods of cost calculation in order to grow their role in current decision making. The purpose is to increase the operability of the data provided to the managers, to increase the informative content on the costs, in terms of efficiency indicators needed to determine the scientific management of the economic activity, to improve the distribution of the indirect costs by using appropriate benchmarks, etc.So, in order to remove the disadvantages of the traditional methods, modern methods of calculation were invented, methods adapted to the new market conditions which provide, in addition to financial information about the costs of goods or services, other non-financial information on internal processes and customer costs. These methods enable the integration of the cost analysis in the strategic approach of the company, thus contributing to the decision making regarding the portfolio of the products and the services provided by the company.

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    File URL: http://feaa.ucv.ro/AUCSSE/0040v2-011.pdf
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    Bibliographic Info

    Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Annals of Computational Economics.

    Volume (Year): 2 (2012)
    Issue (Month): 40 ()
    Pages: 104-110

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    Handle: RePEc:aio:aucsse:v:2:y:2012:i:40:p:104-110

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    Related research

    Keywords: cost; calculated methods; target costing; value chain; control; calculation methods;

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