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OPPORTUNITY COST: A REVIEW OF THE LITERATURE

机译:机会成本:文学综述

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摘要

The concept of opportunity cost was discussed sporadically in many early economists' writings. Though opportunity cost concept was first proposed by economists, recent studies in opportunity cost are mostly conducted by accounting researchers and engineering economists. Proponents of opportunity cost generally cited that opportunity cost is a valuable decision making criterion, as opportunity cost represents the opportunity forgone in each possible decision. Opponents of opportunity cost often criticize that opportunity cost is not a real cost and cannot be quantified into useful value. The question of the practicality of utilizing opportunity cost by decision makers remains to be answered. This paper first presents the main criticisms of opportunity cost doctrine. Then, an analysis on the characteristics of opportunity cost definitions collected from various research literature is performed. Finally, the implications of the analysis and classifications of the definitions of opportunity cost to engineering management is presented and discussed.
机译:机会成本的概念在许多早期经济学家的著作中被零星讨论。尽管机会成本的概念最早是由经济学家提出的,但是最近关于机会成本的研究主要是由会计研究人员和工程经济学家进行的。机会成本的支持者普遍认为,机会成本是一项有价值的决策标准,因为机会成本代表了每个可能决策中放弃的机会。机会成本的反对者常常批评说,机会成本不是实际成本,不能量化为有用价值。决策者利用机会成本的实用性问题仍有待解决。本文首先介绍了机会成本学说的主要批评。然后,对从各种研究文献中收集的机会成本定义的特征进行了分析。最后,介绍并讨论了机会成本的定义的分析和分类对工程管理的意义。

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