IDEAS home Printed from https://ideas.repec.org/a/ags/ifaamr/204141.html
   My bibliography  Save this article

The Integrated Management of Food Processing Waste: The Use of the Full Cost Method for Planning and Pricing Mediterranean Citrus By-Products

Author

Listed:
  • Vergamini, Daniele
  • Cuming, David
  • Davide, Viaggi

Abstract

This paper provides a methodology for the computation of the full cost of several citrus by-products and attempts to analyze, through a simulation model, the decision making process of a citrus firm seeking to upgrade citrus waste (CW) to several by-products. The results show the importance of using the full cost in the management of resources. Economic sustainability can be achieved by an increase in production efficiency, improving existing technologies and the ability to reuse waste. Yet a large amount of investment is still required, which only large firms can support, at least in the short-term.

Suggested Citation

  • Vergamini, Daniele & Cuming, David & Davide, Viaggi, 2015. "The Integrated Management of Food Processing Waste: The Use of the Full Cost Method for Planning and Pricing Mediterranean Citrus By-Products," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(2), pages 1-20, May.
    • Handle: RePEc:ags:ifaamr:204141
    DOI: 10.22004/ag.econ.204141
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/204141/files/201401269.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.204141?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Bruce L. Miller & A. G. Buckman, 1987. "Cost Allocation and Opportunity Costs," Management Science, INFORMS, vol. 33(5), pages 626-639, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Francesca Bartolacci & Iacopo Cavallini & Michela Soverchia, 2019. "Full costing nelle aziende di igiene ambientale: un caso di studio," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2019(1), pages 123-142.
    2. Manoj Dora & Joshua Wesana & Xavier Gellynck & Nitin Seth & Bidit Dey & Hans Steur, 2020. "Importance of sustainable operations in food loss: evidence from the Belgian food processing industry," Annals of Operations Research, Springer, vol. 290(1), pages 47-72, July.
    3. Maria Raimondo & Francesco Caracciolo & Luigi Cembalo & Gaetano Chinnici & Biagio Pecorino & Mario D’Amico, 2018. "Making Virtue Out of Necessity: Managing the Citrus Waste Supply Chain for Bioeconomy Applications," Sustainability, MDPI, vol. 10(12), pages 1-20, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Balachandran, Kashi R. & Radhakrishnan, Suresh, 1996. "Cost of congestion, operational efficiency and management accounting," European Journal of Operational Research, Elsevier, vol. 89(2), pages 237-245, March.
    2. Hassin, Refael & Nowik, Irit & Shaki, Yair Y., 2018. "On the price of anarchy in a single-server queue with heterogeneous service valuations induced by travel costs," European Journal of Operational Research, Elsevier, vol. 265(2), pages 580-588.
    3. Johansen, Soren Glud, 1996. "Transfer pricing of a service department facing random demand," International Journal of Production Economics, Elsevier, vol. 46(1), pages 351-358, December.
    4. M. Gietzmann & A. Ostaszewski, 1996. "Optimal Disbursement of a Sunk Resource and Decentralised Cost Allocation," Accounting and Business Research, Taylor & Francis Journals, vol. 27(1), pages 17-40.
    5. Yasin Ceran & Milind Dawande & Dengpan Liu & Vijay Mookerjee, 2014. "Optimal Software Reuse in Incremental Software Development: A Transfer Pricing Approach," Management Science, INFORMS, vol. 60(3), pages 541-559, March.
    6. Sunkyo Kim & Pyeong-Ik Hwang & Jaewan Suh, 2023. "Automatic Generation Control Ancillary Service Cost-Allocation Methods Based on Causer-Pays Principle in Electricity Market," Energies, MDPI, vol. 17(1), pages 1-17, December.
    7. Shiliang Cui & Xuanming Su & Senthil Veeraraghavan, 2019. "A Model of Rational Retrials in Queues," Operations Research, INFORMS, vol. 67(6), pages 1699-1718, November.
    8. Tomáš Buus & Jaroslav Brada, 2008. "On the Necessity of Using Average Cost as a Base for Transfer Price," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2008(3), pages 79-94.
    9. Lambert, Richard A., 2001. "Contracting theory and accounting," Journal of Accounting and Economics, Elsevier, vol. 32(1-3), pages 3-87, December.
    10. Radhakrishnan, Suresh & Balachandran, Kashi R., 2004. "Service capacity decision and incentive compatible cost allocation for reporting usage forecasts," European Journal of Operational Research, Elsevier, vol. 157(1), pages 180-195, August.
    11. Sumita, Ushio & Masuda, Yasushi & Yamakawa, Shigetaka, 2001. "Optimal internal pricing and capacity planning for service facility with finite buffer," European Journal of Operational Research, Elsevier, vol. 128(1), pages 192-205, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ifaamr:204141. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ifamaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.