Simulation Research of the TOC-Based Cost Accounting Impacting on Organizational Performance |
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Authors: | MA Guo-feng Tu Mei-zeng SHI Zhan-zhong |
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Institution: | 1. School of Economy and Management, Tongji Univ. , Shanghai 200092, China 2. School of Management, Shanghai Jiaotong Univ. , Shanghai 200052 |
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Abstract: | After introducing a new management philosophy called Theory of Constraints (TOC), Dr Eli Goldratt applied it to the field of accounting, and formed a new set of measures for cost accounting. These measures are Throughput Contribution, Inventory and Operating Expenses. This paper applied the constraint-based cost accounting to three kinds of strategies decisions including contraction, cost and market, and uses the Gedunken experiment to do a contrastive research between the cost accounting based on TOC and the full-absorption cost accounting. The experiment proves that the cost accounting based on TOC outperforms the traditional cost accounting, and greatly improves organizational performance. |
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Keywords: | theory of constraints throughput contribution strategy decision operating expenses |
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