At all levels of the Australian public sector, cost constraints, coupled with the adoption of a total quality culture and associated performance evaluation techniques, have turned the attention of senior management away from financial accounting to the management of costs within a strategic...

Recent surveys on the use of quality‐related costs in manufacturing industries indicated that, while quality cost data are valuable for deciding on prevention activities, most companies do not understand the fundamental economics of quality. In addition, the published literature fails to...

The conventional Economic Order Quantity (EOQ) lot‐size model ignores the effects of damage costs. While producing an EOQ lot, the inventory may go “out of control”. An extension of the EOQ production model based on damage costs is presented and the relevant costs of damage and their...

The measurement of productivity has been a problem area for many years because of the difficulties inherent in precisely defining and quantifying all the outputs and inputs which constitute the productivity equation. A productivity measurement technique is presented which focuses on the business...

The product‐costing techniques developed for conventional job shops are unsuitable for use in computer‐integrated manufacturing systems (CIMS) and their continued use in the CIMS environment generates incorrect and misleading manufacturing costs. A new cost model particularly suited for CIMS...

Introduces the concept of a manufacturing strategy based on a service orientation. Traditional manufacturing strategies have often been driven by cost minimization decisions and have encouraged the over‐reliance by managers on inventories to satisfy demand. In today′s business environment, a...

Purpose – The purpose of this paper is to illustrate how a stakeholder approach based on a case-study research was used to define a method to be applied across the Portuguese seaport administrations (SA) in order to justify the tariffs to be charged for a variety of services provided by these...

Purpose – This research paper aims to examine whether using menu engineering (ME) together with activity‐based costing (ABC) for menu analysis gives new insights about true menu profitability. The traditional ME approach only uses food cost to determine the contribution margin of individual...

Purpose This paper aims to examine whether using menu engineering (ME) together with activity-based costing (ABC) for menu analysis provides new insights into true menu profitability. The traditional ME approach only uses food costs to determine the contribution margin (CM) of individual menu...

Purpose – The purpose of this paper is to develop a differentiated approach to the cost management system of total cost of ownership (TCO), a system based on cost data. Existing TCO‐related literature has investigated the tool from a focal buyer perspective but has consequently neglected to...