Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management

Volume: 7 Number: 3 September 1, 2017
  • Mohammad Taleghani
International Journal of Economics and Financial Issues Cover
International Journal of Economics and Financial Issues
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Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management

Abstract

During the past few years, we have seen a significant shift in cost accounting and management. In the new business environment, cost management has become a critical skill, but it is not sufficient for simply reducing costs; instead, costs must be managed strategically. Application of a successful Strategic Cost Management (StraCM) system plays the significant role in success of organization performance. In this study, we want to illustrate how the goal programming model in combination with tools of the StraCM can affect in improving organizations’ performance and Optimize cost management decisions making. For this, we present a conceptual model with an integrated approach of Balanced Scorecard (BSC), Activity Based Costing (ABC) and Goal programming model. Then for evaluating the proposed model, a numerical example with its solution procedure will be illustrated.

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Primary Language

English

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Journal Section

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Authors

Mohammad Taleghani This is me

Publication Date

September 1, 2017

Submission Date

September 1, 2017

Acceptance Date

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Published in Issue

Year 2017 Volume: 7 Number: 3

IZ

https://izlik.org/JA88TU98AZ

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RIS / Bibtex
APA
Taleghani, M. (2017). Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management. International Journal of Economics and Financial Issues, 7(3), 586-593. https://izlik.org/JA88TU98AZ
AMA
1.Taleghani M. Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management. IJEFI. 2017;7(3):586-593. https://izlik.org/JA88TU98AZ
Chicago
Taleghani, Mohammad. 2017. “Synergistic Role of Balanced Scorecard Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management”. International Journal of Economics and Financial Issues 7 (3): 586-93. https://izlik.org/JA88TU98AZ.
EndNote
Taleghani M (September 1, 2017) Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management. International Journal of Economics and Financial Issues 7 3 586–593.
IEEE
[1]M. Taleghani, “Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management”, IJEFI, vol. 7, no. 3, pp. 586–593, Sept. 2017, [Online]. Available: https://izlik.org/JA88TU98AZ
ISNAD
Taleghani, Mohammad. “Synergistic Role of Balanced Scorecard Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management”. International Journal of Economics and Financial Issues 7/3 (September 1, 2017): 586-593. https://izlik.org/JA88TU98AZ.
JAMA
1.Taleghani M. Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management. IJEFI. 2017;7:586–593.
MLA
Taleghani, Mohammad. “Synergistic Role of Balanced Scorecard Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management”. International Journal of Economics and Financial Issues, vol. 7, no. 3, Sept. 2017, pp. 586-93, https://izlik.org/JA88TU98AZ.
Vancouver
1.Mohammad Taleghani. Synergistic Role of Balanced Scorecard/Activity Based Costing and Goal Programming Combined Model on Strategic Cost Management. IJEFI [Internet]. 2017 Sep. 1;7(3):586-93. Available from: https://izlik.org/JA88TU98AZ