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Direct Simulation in Stochastic CVP Analysis.

John F. Kottas; Hon-Shiang Lau

Associate Professors in the School of Business Administration, University of Missouri--St. Louis. 1

The Accounting Review 1978

Abstract ABSTRACT: By analyzing the performance of various alternative approaches under a set of reasonable criteria, this paper demonstrates that, contrary to popular implications, direct simulation is the superior approach for stochastic CVP analysis. Also presented are simple formulas for controlling and determining the accuracy of simulation results. Besides being relevant to practitioners seeking an efficient approach for stochastic CVP analysis and other similar problems, this study should also affect the future direction of stochastic CVP research.

DOI
10.2308/tar-4485588
Volume
53 (3)
Pages
698-707
Language
en
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