The Redmond Products instructional problem exposes pitfalls of traditional absorption product costing systems. It promotes a discussion of errors inherent treating manufacturing overhead costs as “indirect” costs that should be “allocated” to products using a predetermined manufacturing...

Background: Several product lifecycle management systems (PLMs) have been implemented in the industrial sector for managing the data of the product from the design up to the disposal or recycling stage. However, these PLMs face certain challenges in managing the complex and decentralized product...

Economists examine two types of variables when studying aggregate production and economic growth. Some of these variables are directly productive factors (physical capital, labor and human capital), while other variables aren't productive themselves, but affect production indirectly. I introduce...