Cost optimization in agribusiness based on life cycle costing
Апстракт
In efforts to achieve and sustain competitiveness and contribute to the goal of sustainable development of society, entity management requires information that will enable the adoption of adequate decisions. The changed business environment and the growing importance of the issues that emerge from the domain of traditional business, both spatial and temporal, have necessitated the monitoring of costs not only during the production phase, but throughout the entire grain cycle of the product. Since conventional cost accounting systems do not have the capacity to generate the above information, in theory and practice, a life cycle costing system (LCC) has been developed. The aim of the paper is to point out the specificity and importance of perceiving and capturing the impacts and consequential costs that arise during the life cycle of the product, with particular reference to agribusiness, precisely because of the complexity of optimizing costs in that sector.
Кључне речи:
cost optimization / life cycle costing / competitiveness / sustainable development / agribusinessИзвор:
Ekonomika poljoprivrede, 2019, 66, 3, 823-834Издавач:
- Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt
Финансирање / пројекти:
- Развој и примена нових и традиционалних технологија у производњи конкурентних прехрамбених производа са додатом вредношћу за европско и светско тржиште - Створимо богатство из богатства Србије (RS-MESTD-Integrated and Interdisciplinary Research (IIR or III)-46001)
Институција/група
Poljoprivredni fakultetTY - JOUR AU - Savić, Bojan AU - Milojević, Ivan AU - Petrović, Vesna PY - 2019 UR - http://aspace.agrif.bg.ac.rs/handle/123456789/5199 AB - In efforts to achieve and sustain competitiveness and contribute to the goal of sustainable development of society, entity management requires information that will enable the adoption of adequate decisions. The changed business environment and the growing importance of the issues that emerge from the domain of traditional business, both spatial and temporal, have necessitated the monitoring of costs not only during the production phase, but throughout the entire grain cycle of the product. Since conventional cost accounting systems do not have the capacity to generate the above information, in theory and practice, a life cycle costing system (LCC) has been developed. The aim of the paper is to point out the specificity and importance of perceiving and capturing the impacts and consequential costs that arise during the life cycle of the product, with particular reference to agribusiness, precisely because of the complexity of optimizing costs in that sector. PB - Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt T2 - Ekonomika poljoprivrede T1 - Cost optimization in agribusiness based on life cycle costing EP - 834 IS - 3 SP - 823 VL - 66 DO - 10.5937/ekoPolj1903823S ER -
@article{ author = "Savić, Bojan and Milojević, Ivan and Petrović, Vesna", year = "2019", abstract = "In efforts to achieve and sustain competitiveness and contribute to the goal of sustainable development of society, entity management requires information that will enable the adoption of adequate decisions. The changed business environment and the growing importance of the issues that emerge from the domain of traditional business, both spatial and temporal, have necessitated the monitoring of costs not only during the production phase, but throughout the entire grain cycle of the product. Since conventional cost accounting systems do not have the capacity to generate the above information, in theory and practice, a life cycle costing system (LCC) has been developed. The aim of the paper is to point out the specificity and importance of perceiving and capturing the impacts and consequential costs that arise during the life cycle of the product, with particular reference to agribusiness, precisely because of the complexity of optimizing costs in that sector.", publisher = "Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt", journal = "Ekonomika poljoprivrede", title = "Cost optimization in agribusiness based on life cycle costing", pages = "834-823", number = "3", volume = "66", doi = "10.5937/ekoPolj1903823S" }
Savić, B., Milojević, I.,& Petrović, V.. (2019). Cost optimization in agribusiness based on life cycle costing. in Ekonomika poljoprivrede Naučno društvo agrarnih ekonomista Balkana, Beograd, Institut za ekonomiku poljoprivrede, Beograd i Akademija ekonomskih nauka, Bukurešt., 66(3), 823-834. https://doi.org/10.5937/ekoPolj1903823S
Savić B, Milojević I, Petrović V. Cost optimization in agribusiness based on life cycle costing. in Ekonomika poljoprivrede. 2019;66(3):823-834. doi:10.5937/ekoPolj1903823S .
Savić, Bojan, Milojević, Ivan, Petrović, Vesna, "Cost optimization in agribusiness based on life cycle costing" in Ekonomika poljoprivrede, 66, no. 3 (2019):823-834, https://doi.org/10.5937/ekoPolj1903823S . .