Die doppelte kaufmännische Buchhaltung

Bibliographic data

Monograph

Identifikator:: 1011909774

URN:: urn:nbn:de:zbw-retromon-27018

Document type:: Monograph

Author:: Leitner, Friedrich http://d-nb.info/gnd/139681477

Title:: Die doppelte kaufmännische Buchhaltung

Edition:: Sechste und siebente Auflage

Place of publication:: Berlin

Publisher:: Vereinigung Wissenschaftlicher Verleger Walter de Gruyter & Co., vormals G.J. Göschen'sche Verlagshandlung - J. Guttentag, Verlagsbuchhandlung - Georg Reimer - Karl J. Trübner - Veit & Comp.

Year of publication:: 1923

Scope:: 1 Online-Ressource (VI, 349 Seiten)

Digitisation:: 2018

Collection:: Business and Management Classics

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Teil. Die allgemeinen Lehren

Collection:: Business and Management Classics

08 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 Thus the shadow prices are an instrument for appraising the wisdom of any specification of targets. They disclose one of the major implications of such a specification: the marginal cost of achieving each target. The appropriateness of the assignment of targets can be debated in the light of this infor- mation, which is a fruitful improvement over current practice which often requires responsible officials to make policy de- cisions at the level of design specification (the x; in our no- tation). Judgements about the magnitudes of incommensur- ables, like the diverse objectives of a public investment under- ‘aking, can be made in a more than off-hand way only when responsible officials confront the trade-offs implicit in their decision. The process here proposed begins with any a priori plausible selection of target levels, which are revised and refined as the marginal costs of achieving them become clearer. This pro- cedure envisages that the design and its objectives will evolve together: the design following pretty mechanically from the objectives; the objectives following from a critical appraisal of the design. This same model and approach can be formulated in a somewhat different, and instructive, way. The construction costs, which are to be minimized, are a function of the design specifications, but the outputs depend on the operating policy. The role of the design, as far as outputs are concerned, is largely to make desirable operating policies feasible. For instance, one cannot have a policy that calls for dispatching 100,000 kw. of electric power from a plant whose installed capacity is much below that figure. Therefore, it generally (not quite always) fits the structure of the problem best to regard output in each dimension as a function of operating policy alone, and the design as setting limits to the choice of operating policy. The problem then takes this form: Choose design spe- cifications to minimize c(x,, ..., x,) subject to the constraints "37 Dorfman - pag. 12

Access restriction

Copyright

fullscreen: Report on an enquiry into wages and hours of labour in the cotton mill industry, 1926

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation