A Resource Granularity Framework for Estimating Opportunity Costs

Ramji Balakrishnan; K Sivaramakrishnan; Shyam Sunder

doi:10.2308/acch.2004.18.3.197

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A Resource Granularity Framework for Estimating Opportunity Costs

Journal article

Peer reviewed

A Resource Granularity Framework for Estimating Opportunity Costs

Ramji Balakrishnan, K Sivaramakrishnan and Shyam Sunder

Accounting horizons, Vol.18(3), pp.197-206

09/01/2004

DOI: 10.2308/acch.2004.18.3.197

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Abstract

This paper presents a framework to help decision makers better measure the opportunity cost of resources with differing economic characteristics. After characterizing resources by the intrinsic lumpiness of acquisition (acquisition granularity), storability of benefits (expiration granularity), and control over the rate of consumption of available benefits (consumption granularity), this paper illustrates how these concepts can lead to improved decisions and assessment of observed practices. [PUBLICATION ABSTRACT]

Consumption

Costs

Decision making

Economics

Electricity distribution

Opportunity costs

Resource management

Studies

Details

Title: Subtitle: A Resource Granularity Framework for Estimating Opportunity Costs
Creators: Ramji Balakrishnan - University of Iowa
K Sivaramakrishnan - University of Houston
Shyam Sunder - Yale University
Resource Type: Journal article
Publication Details: Accounting horizons, Vol.18(3), pp.197-206
Publisher: American Accounting Association
DOI: 10.2308/acch.2004.18.3.197
ISSN: 0888-7993
eISSN: 1558-7975
Language: English
Date published: 09/01/2004
Academic Unit: Accounting
Record Identifier: 9984380421102771

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