Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/109927 
Year of Publication: 
2014
Citation: 
[Journal:] European Financial and Accounting Journal [ISSN:] 1805-4846 [Volume:] 9 [Issue:] 3 [Publisher:] University of Economics, Faculty of Finance and Accounting [Place:] Prague [Year:] 2014 [Pages:] 4-24
Publisher: 
University of Economics, Faculty of Finance and Accounting, Prague
Abstract: 
The management of R&D activities has become popular among researchers. The need for changes in R&D organization and financial support brings new decision-making issues for the R&D manager. Life cycle concepts help to manage R&D in the whole perspective. The aim of this paper was to examine the life cycle costing for R&D investment appraisal. A case study was realised in a private SME company for the R&D project of the bumblebee laboratory production. The analysis showed the possibility of using life cycle product perspective to control R&D investment. The expenditure was compared to the net income generated during the whole life cycle of the product. This complex evaluation allows to meet the requirements of the R&D management and to support the decision-making process. Using the life cycle perspective the company will gain a tool that will give an evaluation of the R&D’s effectiveness and provides an opportunity to manage R&D projects and compare them with others investments.
Subjects: 
Life Cycle Costing
R&D investment
Strategic Management Accounting
JEL: 
M21
Persistent Identifier of the first edition: 
Document Type: 
Article

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