Application of the theory of decision making under risk and uncertainty at modelling of costs

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F10%3A00158659" target="_blank" >RIV/62156489:43110/10:00158659 - 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

Application of the theory of decision making under risk and uncertainty at modelling of costs

Original language description

The costs functions are mentioned mostly in relation to the Break-even Analysis where they are presented in linear form. But there exist several different types and forms of cost functions. Fist of all, it is necessary to distinguish between short-run and long-run cost function that are both very important tools of managerial decision making even if every one is used on different level of management. Also several methods of estimation of the cost function's parameters are elaborated in the literature. But all these methods are based on the past data taken from financial accounting while financial accounting is not able to separate fixed and variable costs and financial accounting is strongly adjusted to taxation in substantial part of companies. As a tool of managerial decision making support the cost functions should provide a vision to the future where many factors of risk and uncertainty influence economic results. Consequently, these random factors should be worked into constructio

Czech name

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Czech description

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Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AE - Management, administration and clerical work

OECD FORD branch

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Project

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Continuities

Z - Vyzkumny zamer (s odkazem do CEZ)

Publication year

2010

Confidentiality

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

Name of the periodical

Agricultural Economics : Zemědělská ekonomika

ISSN

0139-570X

e-ISSN

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Volume of the periodical

56

Issue of the periodical within the volume

5

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

8

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

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