IDEAS home Printed from https://ideas.repec.org/a/ora/journl/v2y2024i2p186-197.html
   My bibliography  Save this article

Influencing Factors On Costs And Decision Making . A Look At The Bakery Industry

Author

Listed:
  • Florina LUP

    (University of Oradea, Faculty of Economics Sciences, Accounting, Audit and Business Administration, Romania)

  • Carmen SCORTE

    (: University of Oradea, Faculty of Economics Sciences, Department of Finance Accounting,Romania)

  • Daniela ZAPODEANU

    (University of Oradea, Faculty of Economics Sciences, Department of Finance Accounting,Romania)

Abstract

The economic growth and development of any country is determined by the future of the economic entities in each sector, and this future is an important objective, with a decision-making process that will be influenced by various factors. But what are the factors influencing bread consumption, what are the factors influencing costs and decisions in this sector? The objectives of this paper are to answer some general and specific questions in this field: What are the factors influencing costs? How can costs influence the production decision and the consumption decision? Can the concept of circular economy influence costs? Do macro-economic issues influence costs and decisions? The paper is an empirical, quantitative research, based on the analysis of cost information, analysis of cost changes and the impact of factors that we consider to be determinants: the cost of purchasing raw materials under the influence of inflation, circular economy principles and other pedoclimatic or geopolitical factors, the cost of labour under the influence of legal regulations, the cost of energy under the influence of inflation, the energy crisis, geopolitical factors. In order to have a concrete perspective, we started from a case study of an entity that has an activity authorized under CAEN code 1071 Manufacture of bread; manufacture of cakes and fresh pastry goods. The analysis of cost information and the calculation of short-term decision indicators according to the CVP model started from the concrete situation in March 2023 to analysing the situation in March 2024 while taking into account the inflation confirmed by BNR and the legislative changes and trying a prospective analysis for March 2025.

Suggested Citation

  • Florina LUP & Carmen SCORTE & Daniela ZAPODEANU, 2024. "Influencing Factors On Costs And Decision Making . A Look At The Bakery Industry," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 33(2), pages 186-197, December.
    • Handle: RePEc:ora:journl:v:2:y:2024:i:2:p:186-197
    as

    Download full text from publisher

    File URL: https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/01/AUOES.December.2024.16.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Cattaneo, Andrea & Federighi, Giovanni & Vaz, Sara, 2021. "The environmental impact of reducing food loss and waste: A critical assessment," Food Policy, Elsevier, vol. 98(C).
    Full references (including those not matched with items on IDEAS)

    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. Luo, Na & Olsen, Tava & Liu, Yanping & Zhang, Abraham, 2022. "Reducing food loss and waste in supply chain operations," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 162(C).
    2. Ramakrishnan Ramanathan & Yanqing Duan & Tahmina Ajmal & Katarzyna Pelc & James Gillespie & Sahar Ahmadzadeh & Joan Condell & Imke Hermens & Usha Ramanathan, 2023. "Motivations and Challenges for Food Companies in Using IoT Sensors for Reducing Food Waste: Some Insights and a Road Map for the Future," Sustainability, MDPI, vol. 15(2), pages 1-21, January.
    3. Małgorzata Karwowska & Sylwia Łaba & Krystian Szczepański, 2021. "Food Loss and Waste in Meat Sector—Why the Consumption Stage Generates the Most Losses?," Sustainability, MDPI, vol. 13(11), pages 1-13, June.
    4. James Gillespie & Tamíris Pacheco da Costa & Xavier Cama-Moncunill & Trevor Cadden & Joan Condell & Tom Cowderoy & Elaine Ramsey & Fionnuala Murphy & Marco Kull & Robert Gallagher & Ramakrishnan Raman, 2023. "Real-Time Anomaly Detection in Cold Chain Transportation Using IoT Technology," Sustainability, MDPI, vol. 15(3), pages 1-24, January.
    5. Dimitrie Stoica & Angela-Eliza Micu & Maricica Stoica, 2022. "The Impact of Economic Drivers on Food Loss Management," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 753-761, September.
    6. Rosalinda Nicastro & Petronia Carillo, 2021. "Food Loss and Waste Prevention Strategies from Farm to Fork," Sustainability, MDPI, vol. 13(10), pages 1-23, May.
    7. Nouman Afzal & Abdul Basit & Adil Daniel & Nausheen Ilyas & Asad Imran & Zoia Arshad Awan & Effie Papargyropoulou & Lindsay C. Stringer & Mohamed Hashem & Saad Alamri & Muhammad Amjad Bashir & Yunzhou, 2022. "Quantifying Food Waste in the Hospitality Sector and Exploring Its Underlying Reasons—A Case Study of Lahore, Pakistan," Sustainability, MDPI, vol. 14(11), pages 1-17, June.
    8. Tamíris Pacheco da Costa & James Gillespie & Katarzyna Pelc & Abi Adefisan & Michael Adefisan & Ramakrishnan Ramanathan & Fionnuala Murphy, 2022. "Life Cycle Assessment Tool for Food Supply Chain Environmental Evaluation," Sustainability, MDPI, vol. 15(1), pages 1-24, December.
    9. Guohui Shen & Ziqi Li & Tiannuo Hong & Xin Ru & Kunzhen Wang & Yanting Gu & Juan Han & Yanzhi Guo, 2024. "The status of the global food waste mitigation policies: experience and inspiration for China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(4), pages 8329-8357, April.
    10. Cuffey, Joel & Li, Wenying & Yu, Yang & Miao, Ruiqing, 2023. "Retail food environment and household food waste: An empirical study," Food Policy, Elsevier, vol. 117(C).
    11. Fanzo, Jessica & Haddad, Lawrence & Schneider, Kate R. & Béné, Christophe & Covic, Namukolo M. & Guarin, Alejandro & Herforth, Anna W. & Herrero, Mario & Sumaila, U. Rashid & Aburto, Nancy J. & Amuyun, 2021. "Viewpoint: Rigorous monitoring is necessary to guide food system transformation in the countdown to the 2030 global goals," Food Policy, Elsevier, vol. 104(C).
    12. Pan Liu & Bin Zhao & Haodong Tang & Jiamin Zhu, 2024. "Subsidy policies for the grain supply chain considering postharvest loss of grain and agricultural pollutant emission in China," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 70(5), pages 207-225.

    More about this item

    Keywords

    Cost; Direct costing; Calculation of cost; Management; Decizion process; Bakery;
    All these keywords.

    JEL classification:

    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

    Statistics

    Access and download statistics

    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:ora:journl:v:2:y:2024:i:2:p:186-197. 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: Catalin ZMOLE The email address of this maintainer does not seem to be valid anymore. Please ask Catalin ZMOLE to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/feoraro.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.