The Impact of Determinant Factors on Production Cost Variation – An Empirical Study

Abstract

It is important to quantify the impact of the determinants on the production cost variation, because this constitutes a decisive principle in establishing pricing policy. On the strength of what has been stated, the objective of this research is to analyze influencing components of the production cost through the descriptive and graphical analysis of panel data and econometric models design. Regarding the impact factors, this study analyzes only the most relevant factors considered based on the descriptive analysis.

Keywords

• cost variation
• cost center
• panel data
• impact factors
• analysis