Design to cost in Siemens - integrating EVA with product target costing and life cycle costing
Cheng, Ge Fang Gloria (2006) Design to cost in Siemens - integrating EVA with product target costing and life cycle costing. [Dissertation (University of Nottingham only)] (Unpublished)
Target costing is cost and profit management technique to manage the future profitability of the firm by disciplining the product development process. In traditional target costing system, accounting income rather than economic income is used to determine the target cost of the product. The failure to incorporate cost of capital in a product allowable cost can lead to sub optimal product mix and investment decisions from value based management (VBM) perspective.
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