Volume 1, Issue 1, March 2017, Page: 11-15
Target Costing, the Linkages Between Target Costing and Value Engineering and Expected Profit and Kaizen
Ghodratollah Talebnia, Faculty Member Science and Research Branch of Tehran
Fatemeh Baghiyan, Department of Azad University, Kish International Unit, Nuclear Science and Technology Research Institute, Plasma Physics and Nuclear Fusion Research School, Tehran, Iran
Zahra Baghiyan, Damavand Unit, Department of Azad University, Tehran, Iran
Forough Moussavi Najaf Abadi, Damavand Unit, Department of Azad University, Tehran, Iran
Received: Dec. 8, 2016;       Accepted: Mar. 13, 2017;       Published: Mar. 29, 2017
DOI: 10.11648/j.ijem.20170101.12      View  1987      Downloads  154
Abstract
Target costing is a pricing method used by firms. It is defined as "a cost management tool for reducing the overall cost of a product over its entire life-cycle with the help of production, engineering, research and design". A target cost is the maximum amount of cost that can be incurred on a product and with it the firm can still earn the required profit margin from that product at a particular selling price. In this article, financial expertise of thousands of teachers the period 2011-2012 was used to study the linkages between Target costing and Value Engineering and Expected profit and Kaizen. As the newest and most accurate method of target costing strategy can be very effective on corporate profitability and the factors discussed in the implementation of this method was considered to be controlled.
Keywords
Target Costing, Kaizen, Value Engineering, Expected Profit
To cite this article
Ghodratollah Talebnia, Fatemeh Baghiyan, Zahra Baghiyan, Forough Moussavi Najaf Abadi, Target Costing, the Linkages Between Target Costing and Value Engineering and Expected Profit and Kaizen, International Journal of Engineering Management. Vol. 1, No. 1, 2017, pp. 11-15. doi: 10.11648/j.ijem.20170101.12
Copyright
Copyright © 2017 Authors retain the copyright of this article.
This article is an open access article distributed under 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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