Costs: Analytical Framework

  • Bela Gold
Part of the Studies in Management book series (STMA)


The use of cost adjustments as guides to managerial decision making is determined partly by the nature of relevant managerial objectives and partly by managerial beliefs about the patterns of unit cost adjustment through time. The latter provides the basis for estimating prospective changes and the former provides the criteria for defining the way in which management should seek to modify expected adjustments. Together, they provide a useful framework for appraising past changes and the modification of expectations found to be seriously at odds with desired performance.


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  1. [1]
    Andrews, P. W. S., Manufacturing Business (Landow: Macmillan, 1949).Google Scholar
  2. [2]
    General Electric 1959 Annual Report (New York: General Electric Company, 1960).Google Scholar
  3. [3]
    Gold, B., Foundations of Productivity Analysis (University of Pittsburgh Press, 1955).Google Scholar
  4. [4]
    Mills, F. C., Economic Tendencies in the United States (New York: National Bureau of Economic Research, 1932).Google Scholar

Copyright information

© Bela Gold 1971

Authors and Affiliations

  • Bela Gold
    • 1
  1. 1.Case Western Reserve UniversityClevelandUSA

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