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Costs Efficiency Evaluation using Life Cycle Costing as Strategic Method

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F15%3A39900074" target="_blank" >RIV/00216275:25410/15:39900074 - isvavai.cz</a>

  • Result on the web

    <a href="http://authors.elsevier.com/sd/article/S221256711501638X" target="_blank" >http://authors.elsevier.com/sd/article/S221256711501638X</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1016/S2212-5671(15)01638-X" target="_blank" >10.1016/S2212-5671(15)01638-X</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Costs Efficiency Evaluation using Life Cycle Costing as Strategic Method

  • Original language description

    Costs optimization is further developed not only by the pure economic theory but more with practical management. In the context of the economic crisis 2008 and the previous crises we do observe the pressure on the sophisticated cost optimization. Into the important strategic costs tools belong Activity Based Costing, Target Costing, Life Cycle Costing. We use these methods for optimal costs management, observation, and the costs minimization. In the article we applied the concept of Life Cycle Costing (LCC). This is an application of Life Cycle Hypothesis into the practical costs management. We present comprehensive information about the LCC method. In the other words, to provide and present the alternative approach how to achieve long term minimum value of total costs from strategic point of view

  • Czech name

  • Czech description

Classification

  • Type

    D - Article in proceedings

  • CEP classification

    AE - Management, administration and clerical work

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2015

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Article name in the collection

    Procedia Economics and Finance

  • ISBN

  • ISSN

    2212-5671

  • e-ISSN

  • Number of pages

    7

  • Pages from-to

    337-343

  • Publisher name

    Elsevier Science BV

  • Place of publication

    Amsterdam

  • Event location

    Zvolen

  • Event date

    Oct 15, 2015

  • Type of event by nationality

    EUR - Evropská akce

  • UT code for WoS article