The Strategic Framework of Cost Management for Production Competitiveness: World Experience

  • Authors

    • Valentina Dubovaya
    • Anna Komelina
    • Shamila Hassan Ismail
    2018-09-15
    https://doi.org/10.14419/ijet.v7i4.3.19910
  • Competitiveness, сost management techniques, management accounting tools.

  • Abstract

    Purpose of the article is to analyze the concept of production competitiveness and develop framework of cost management. A variety of cost management techniques requires the identification of their relationship with the requirements of operations management. Identified seven key concepts of operations management, analyzed their essence, information requirements. Systematized cost management techniques accordance with modern concepts of operations management such as: standart-costing, break-even analysis, direct-costing, life-cycle costing, target costing, value analysis, functional analysis, activity-based costing, sensitivity analysis, JIT-costing, kaizen costing, activity-based cost management, value-chain analysis. The aim of the article is the establishment relevance of costing methods with the key concepts of operations management companies.

     

     

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  • How to Cite

    Dubovaya, V., Komelina, A., & Hassan Ismail, S. (2018). The Strategic Framework of Cost Management for Production Competitiveness: World Experience. International Journal of Engineering & Technology, 7(4.3), 432-437. https://doi.org/10.14419/ijet.v7i4.3.19910

    Received date: 2018-09-19

    Accepted date: 2018-09-19

    Published date: 2018-09-15