Affiliation:
1. The University of Iowa.
2. University of Houston.
3. Yale University.
Abstract
This paper presents a framework to help decision makers better measure the opportunity cost of resources with differing economic characteristics. After characterizing resources by the intrinsic lumpiness of acquisition (acquisition granularity), storability of benefits (expiration granularity), and control over the rate of consumption of available benefits (consumption granularity), this paper illustrates how these concepts can lead to improved decisions and assessment of observed practices.
Publisher
American Accounting Association
Reference8 articles.
1. A Critical Overview of the Use of Full-Cost Data for Planning and Pricing
2. Klammer, T.1997. Capacity Measurement and Improvement: A Manager's Guide to Evaluating and Optimizing Capacity Productivity. Burr Ridge, IL: Irwin.
3. Accuracy of linear valuation rules in industry-segmented environments
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