APPLICATION OF TARGET COSTING METHOD IN HOSPITALITY INDUSTRY

With the development of technology, transportation possibilities have been diversified and the communication network has expanded considerably. Service companies that want to stand out in the global competition and provide better quality service have also had to change their production and sales policies. In hospitality indutry, which have an important place among service businesses, maintaining customer satisfaction and providing higher quality service has become one of the most important success factors. The sustainability of the services provided and the sustainability of customer satisfaction required cost management systems to be handled from a more modern perspective and supported the cost reduction efforts of the enterprises. In this section, the effect of target costing, which is one of the contemporary cost approaches, on the hotel companies and their effects on pricing policies are examined and practical issues are mentioned

Anahtar Kelimeler:

Cost Management, Target Costing

PDF

___

Referans 1: Ansari, S.L., Swenson, D., and Bell, J. (1997). Target Costing Core Group, Target Costing: The Next Frontier in Strategic Cost Management. USA: Mac Graw-Hill Inc.
Referans 2:, G. J., and Indounas, K. A. (2006), “Pricing Practices of Service Organizations”, The Journal of Services Marketing, 20(5), pp. 346-356.Cadez, S. and Guilding C. (2008). An Exploratory Investigation of an Integrated Contingency Model of Strategic Management Accounting. Accounting, Organizations and Society. 33(7-8): 836-863.
Referans 3: R., and Slagmuder, R (2002). Target Costing From New Product Development: Product Level Target Costing. Journal of Cost Management, 16(4).
Referans 4: R., and Slagmulder, R. (1997). Target Costing and Value Engineering. Portland, Oregon, Productivity Press.
Referans 5: R. and Ernst C. (1999).Target Costing, Coordination and Strategic Cost Management.European Accounting Review 8(1): 23-49.
Referans 6: P., Yook, K-H.and Kim Il W. (2004) “Japanese Target Costing: A Historical Perspective” International Journal of Strategic Cost Management. (Spring 2004) : 10-19.
Referans 7: T. P., Neto, F. K., and Duffey, M. R. (2009). Target Costing Operationalization During Product Development : Model And Application. Int. J.ProductionEconomics118 , 398-409.
Referans 7: F.M., and El-Dalabeeh, A.R.K (2016). The Role of Target Costing in Reducing Costs and Developing Products in The Jordanian Public. International Journal Of Academic Research In Accounting, Finance And Management Sciences, 6(4), 301-312.
Referans 8: M., Gurdal, K., and Karabayir, M. E. (2009). Target Costing In Turkish Manufacturing Enterprises. Problems and Perspectives in Management, Volume 7, Issue 1 , 197-207.
Referans 9: G., and Soteriades, M. (2007), “Management Accounting In The Hotel Business”, International Journal of Hospitality & Tourism Administration, 8(4), pp. 47-76.
Referans 10: Okutmuş, E., and Ergül, A. (2015). Konaklama İşletmelerinde Hedef Maliyetleme, Değer Analizi ve Kaizen Maliyetleme Yöntemlerinin Birlikte Uygulanabilirliğine İlişkin Bir Araştırma. Muhasebe ve Finansman Dergisi , 97-116.
Referans 11: O. and Paggios I. (2009). A Survey of Factors Influencing the Cost System Design in Hotels.International Journal of Hospitality Management. 28(2): 263-271.
Referans 12: J. (2003). Making Price Decisions in Tourism Enterprises.International Journal of Hospitality Management 22(2): 217-235.Sevim, A., and Korkmaz, E.(2014) Cost Management Practices in the Hospitality Industry: The Case of the Turkish Hotel Industry, International Journal of Arts and Commerce, Vol. 3 No. 9, December
Referans 13: Vasile, E., and Croiteru, I. (2013). Target Cost-Tool For Planning, Managing, and Controlling Costs. Romanian Journal of Economies/ Institute Of National Economy, 36(1), 114-127.