Cost-variance-based control with noisy observation
We develop a model of managerial planning and control in an environment subject to noisy observation. Our paper differs from other models with noisy observation by focusing on the allocation of a scarce corporate resource. We show that linear performance appraisal is optimal in the noisy observation environment. An application of our results facilitates comparison between accounting and engineering-based planning and control paradigms.
Year of publication: |
1994
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Authors: | Gietzmann, Miles ; Selby, Michael |
Published in: |
European Accounting Review. - Taylor & Francis Journals, ISSN 0963-8180. - Vol. 3.1994, 1, p. 1-14
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Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
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