MATEC Web Conf.
Volume 184, 2018Annual Session of Scientific Papers IMT ORADEA 2018
|Number of page(s)||6|
|Section||Management and Economics in Engineering|
|Published online||31 July 2018|
Sensitivity of indicators used in cost-volume-profit analysis
Technical University of Cluj-Napoca, Department Electrical Machines and Drives, Cluj-Napoca, România
The need for cost-volume-profit analysis (CVP) starts from the need to optimize and manage costs due to unforeseen events that accompany economic activity in all areas. In this paper, the dependency relationship between the three cost-volume-profit indicators was analyzed to highlight the need to permanently track and optimize these variables so that managers' decisions can be supported by adaptive analyzes to concrete needs. The study also includes a sensitivity analysis that has shown that the magnitude and meaning of changes occurring when changes occur to one or more variables may be different due to direct and inverse relationships that are established between these variables.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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