Until recently the fact has been neglected that the range of options in cost accounting undesirably affects the validity of results in cost-benchmarking. For this reason, this paper presents the concept necessary to standardise cost accounting for cost-benchmarking. A practical example will be...

We explore connections between the certainty equivalent return (CER) functional and theunderlying utility function. Curvature properties of the functional depend upon how utilityfunction attributes relate to Hyperbolic Absolute Risk Aversion (HARA) type utility functions.If the CER functional is...

This paper sets out the CII’s conception of an Independent Professional Standards Board (IPSB). It reviews the proposal as it stands now, takes a critical look at some of the myths that have developed about it, sets out what a possible model IPSB might look like in the future, and explains the...

The CII’s position paper no.1 (‘A professional body forretail financial services?’), published in October, set outan overview of the possible professional response to theFSA’s Retail Distribution Review and to the challenge ofestablishing, against the background of more...

IT-Dienstleister sind zunehmend gefordert, ihr Serviceportfolio konsequentauf die IT-Unterstützung von Geschäftsprozessen der Kunden auszurichten.Dadurch können Diversifikation sowie Transparenz in den IT-Ausgaben und ihremstrategischen Wertbeitrag beim Kunden erreicht werden. Für eine...

IT service providers are increasingly required to orientate their service portfolio towards the IT support of their consumer’s business processes. This enables diversification as well as transparency in costs andservices vis-à-vis the customer to be achieved. Such services however, appear too...

Die Ausrichtung auf das internationale Transitgeschäft im Zuge der Marktöffnung im Schienengüterverkehr führte bei der SBB Cargo zunehmend zu der Einsicht, dass Qualität und Verfügbarkeit der Stammdaten nicht mehr den Anforderungen des Unternehmens (insbesondere für das finanzielle...

Measurement standards are like institutional facts – they enable the travel of information across different domains: geographical, social, institutional or contextual. Uncovering the reasons underlying how and why measurement standards are adopted can provide insights into how ‘well’ such...