Within the framework of a hierarchical model, the paper determines depreciation rates for exhaustable capacities. It hierarchically integrates an investment model with a production model combining the tactical investment calculus with the operational cost accounting level. Using the anticipation procedure of hierarchical planing, depreciation rates, as part of the contribution margin of the operational production model, influence the anticipated cash flow of the net present value (NPV) criterion of the investment level. Hence, depreciation rates are determined as NPV-optimal cost parameters. In contrast to previous investigations of investment-oriented cost evaluations the paper fully takes into account the information asymmetry between the investment and the production levels.
Dieser Eintrag ist Teil der Universitätsbibliographie.
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