RESEARCH OF COST BEHAVIOR AND COST BEHAVIOR MODELS DESIGN FOR MORE EFFICIENT COST MANAGEMENT

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26867184%3A_____%2F21%3AN0000019" target="_blank" >RIV/26867184:_____/21:N0000019 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

RESEARCH OF COST BEHAVIOR AND COST BEHAVIOR MODELS DESIGN FOR MORE EFFICIENT COST MANAGEMENT

Original language description

Cost management is one of the most important issue of company financial management and company performance. This paper deals with the issue of management of overheads in terms of their behavior and variability of cost groups in manufacturing companies in the Czech Republic. It summarizes the quantitative and qualitative research results. The main aim was to analyse the current approach of manufacturing companies to management of overheads and how companies reflect new knowledge and approaches of cost behavior in the management and cost systems used and thus contribute to deepening the knowledge of behavior of overhead costs depending on selected factors. Quantitative research focused on the style and level of cost management in manufacturing companies with the accent on overheads, their monitoring, perception and assessment. Subsequently, the qualitative research was carried out using case studies in selected manufacturing companies. It was aimed at exploring and determining the cost behavior dependency and checking the variability of overheads, including their regression modelling, according to various factors and beyond the standard production volume. The partial objective was also to test a cost survey model to determine whether the overheads are rigid and show signs of asymmetric behavior towards changing factors. The research focused on looking for ways to assess asymmetric cost behavior that could be described by cost models and that could be used to verify the causal relationships of cost rise as well as for the purpose of forecasting and cost planning. This research introduces new and not yet extended approaches to cost management and cost assessment in the Czech Republic. The main findings of the research confirmed the persisting traditional approach to managing and assessing cost variability, reflecting the production volume as the only factor. There were tested multiple regression analyses to design regression models within specific case studies, and dependencies of different overhead cost groups on defined factors were identified. This confirms that cost behavior can also be judged from the view of non-traditional factors. At the same time, the asymmetric behavior was demonstrated for some groups of costs in relation to the factors considered. Based on this work, it will be possible to continue with further research of overhead costs behavior. However, it will also be possible to look for and assess other factors influencing the source and behavior of overheads.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2021

Confidentiality

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

Article name in the collection

International Days of Science 2021

ISBN

9788074550973

ISSN

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e-ISSN

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Number of pages

13

Pages from-to

117-129

Publisher name

Moravská vysoká škola Olomouc

Place of publication

Olomouc

Event location

Olomouc

Event date

Jan 1, 2021

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

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