Budget Setting Strategies for the Company's Divisions

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Abstract

The paper deals with the issue of budget setting to the divisions of a company. The approach is quantitative in nature both in the formulation of the requirements for the set-budgets, as related to different general managerial objectives of interest, and in the modelling of the inherent uncertainties in the divisions' revenues. Solutions are provided for specific cases and conclusions are drawn on different aspects of this issue based on analytical and numerical analysis of the results. From a more general standpoint the paper is also intended to set the ground for a schematic and precise approach to the managerial problem of budget-setting.
Original languageEnglish
Place of PublicationTilburg
PublisherAccounting
Number of pages14
Volume1997-103
Publication statusPublished - 1997

Publication series

NameCentER Discussion Paper
Volume1997-103

Fingerprint

Uncertainty
Revenue
Numerical analysis
Modeling

Keywords

  • budgeting
  • uncertainty
  • achievability
  • responsiveness
  • fairness

Cite this

Berg, M., Brekelmans, R. C. M., & De Waegenaere, A. M. B. (1997). Budget Setting Strategies for the Company's Divisions. (CentER Discussion Paper; Vol. 1997-103). Tilburg: Accounting.
Berg, M. ; Brekelmans, R.C.M. ; De Waegenaere, A.M.B. / Budget Setting Strategies for the Company's Divisions. Tilburg : Accounting, 1997. (CentER Discussion Paper).
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abstract = "The paper deals with the issue of budget setting to the divisions of a company. The approach is quantitative in nature both in the formulation of the requirements for the set-budgets, as related to different general managerial objectives of interest, and in the modelling of the inherent uncertainties in the divisions' revenues. Solutions are provided for specific cases and conclusions are drawn on different aspects of this issue based on analytical and numerical analysis of the results. From a more general standpoint the paper is also intended to set the ground for a schematic and precise approach to the managerial problem of budget-setting.",
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Berg, M, Brekelmans, RCM & De Waegenaere, AMB 1997 'Budget Setting Strategies for the Company's Divisions' CentER Discussion Paper, vol. 1997-103, Accounting, Tilburg.

Budget Setting Strategies for the Company's Divisions. / Berg, M.; Brekelmans, R.C.M.; De Waegenaere, A.M.B.

Tilburg : Accounting, 1997. (CentER Discussion Paper; Vol. 1997-103).

Research output: Working paperDiscussion paperOther research output

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T1 - Budget Setting Strategies for the Company's Divisions

AU - Berg, M.

AU - Brekelmans, R.C.M.

AU - De Waegenaere, A.M.B.

N1 - Pagination: 14

PY - 1997

Y1 - 1997

N2 - The paper deals with the issue of budget setting to the divisions of a company. The approach is quantitative in nature both in the formulation of the requirements for the set-budgets, as related to different general managerial objectives of interest, and in the modelling of the inherent uncertainties in the divisions' revenues. Solutions are provided for specific cases and conclusions are drawn on different aspects of this issue based on analytical and numerical analysis of the results. From a more general standpoint the paper is also intended to set the ground for a schematic and precise approach to the managerial problem of budget-setting.

AB - The paper deals with the issue of budget setting to the divisions of a company. The approach is quantitative in nature both in the formulation of the requirements for the set-budgets, as related to different general managerial objectives of interest, and in the modelling of the inherent uncertainties in the divisions' revenues. Solutions are provided for specific cases and conclusions are drawn on different aspects of this issue based on analytical and numerical analysis of the results. From a more general standpoint the paper is also intended to set the ground for a schematic and precise approach to the managerial problem of budget-setting.

KW - budgeting

KW - uncertainty

KW - achievability

KW - responsiveness

KW - fairness

M3 - Discussion paper

VL - 1997-103

T3 - CentER Discussion Paper

BT - Budget Setting Strategies for the Company's Divisions

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Berg M, Brekelmans RCM, De Waegenaere AMB. Budget Setting Strategies for the Company's Divisions. Tilburg: Accounting. 1997. (CentER Discussion Paper).