Selection of management accounting systems in Just-In-Time and Theory of Constraints-based manufacturing

Theory of constraints: A state-of-art review

“…Table 2 shows different implementation of TOC. Fenbert & Fleener, 2002;Wei et al, 2002√ Dettmer, 1995Ehie & Sheu, 2005;Moore & Scheinkopf, 1998;Nave, 2002;Raimona Zadry & Mohd Yusof, 2006;Siha, 1999;Stein, 1997√ Coman & Ronen, 2000Hilmola 2001√ Aryanezhad & Komijan, 2004Bhattacharya et al, 2008;Fawcett & Pearson, 1991;Fredendall & Lea 1997;Gupta et al, 2008;Lea & Min, 2003;Patterson, 1992;Souren et al, 2005;Umble et al, 2006√ Balakrishnan & Cheng, 2005√ Bhimani et al, 2002Cooper & Slagmulder, 1999;Fritzsch, 2011;Kee, 1995;Kirche et al, 2005;Ioannou & Papadoyiannis, 2004;Jones & Dugdale, 1998Louderback & Patterson, 1996;Schniederjans & Garvin, 1997;Spencer, 1994;Watson & Patti, 2008;Zimmerman & Yahya-Zadeh, 2011√ Bramorski et al, 1996√ Breen et al, 2002Motwani et al, 1996 √…”

“…Aryanezhad and Komijan (2004) explained the inefficiency of the traditional TOC in dealing with the multiple bottleneck problem and discussed the disadvantages and provided an improved algorithm. Lea and Min (2003) investigated the effect of various management accounting systems, manufacturing control systems and time horizon on manufacturing performance in an enterprise resource planning integrated environment. These systems incorporated traditional costing (Louderback & Patterson, 1996), ACB and TOC accounting.…”

Activity-Based Costing vs Theory of Constraints: An Empirical Study into Their Effect on the Cost Performance of NPD Initiatives

“…Once again, integration can be beneficial with TOC helping managers identify bottleneck resources, and ABC helping them decide how to fix the problem. The conclusion that ABC is not useful for the long term as supported above is contradicted in a study by Lea and Min (2003), who found that ABC is useful for both short and long term gains. Lea and Kim also found ABC led to better customer service and lower work-in-progress inventory (WIP).…”

A Roadmap for Reconfiguring Industrial Enterprises as a Consequence of Global Economic Crisis (GEC)

“…The management accounting systems include traditional costing, activity-based costing (ABC), and throughput accounting. All studies show that the ABC was found providing more accurate product cost information [16] and resulted in a better system performance than other management accounting systems. Product cost (PC) can be estimated by material cost (MC), labour cost (LC), and overhead cost (OHC).…”

“…The analysis should be directed towards the different dimensions of the company [12,13]. Based on these concepts, the manufacturing strategies and philosophies MSP is measured and modeled mathematically according to the following Equations (14), (15) and (16).…”