---
_id: '590'
abstract:
- lang: eng
  text: Against the background of rising overhead costs in manufacturing companies
    the application of methods of overhead cost management is of increasing importance.
    Within this article existing approaches of cost management are explained in principle.
    Based on these approaches a new complementary approach of managing costs with
    the help of costs elasticity ratios is described by a case study. The method is
    based on the hypothesis that there are no fixed personnel costs, but personnel
    costs with different elasticity with respect to the volume of orders. Personnel
    costs elasticity (ε) is derived from the quotient of the relative change in personnel
    costs (k) and the relative change of the order volume (q) of a billing month (i).
    The method aims to increase the flexibility of overhead costs, but can also be
    applied with respect to so-called direct costs. In this case, the question arises
    as to what extent the direct costs actually develop proportional elastic over
    time.
author:
- first_name: Sven
  full_name: Hinrichsen, Sven
  id: '49010'
  last_name: Hinrichsen
citation:
  ama: 'Hinrichsen S. How Elasticity Indicators Support Cost Management. In: Villmer
    FJ, Padoano E, Department of Production Engineering and Management, Hochschule
    Ostwestfalen-Lippe, eds. <i>Production Engineering and Management</i>. ; 2016:123-131.'
  apa: Hinrichsen, S. (2016). How Elasticity Indicators Support Cost Management. In
    F.-J. Villmer, E. Padoano, Department of Production Engineering and Management,
    &#38; Hochschule Ostwestfalen-Lippe (Eds.), <i>Production Engineering and Management</i>
    (Issue 1, pp. 123–131).
  bjps: <b>Hinrichsen S</b> (2016) How Elasticity Indicators Support Cost Management.
    In Villmer F-J et al. (eds), <i>Production Engineering and Management</i>. Lemgo,
    pp. 123–131.
  chicago: Hinrichsen, Sven. “How Elasticity Indicators Support Cost Management.”
    In <i>Production Engineering and Management</i>, edited by Franz-Josef Villmer,
    Elio Padoano, Department of Production Engineering and Management, and Hochschule
    Ostwestfalen-Lippe, 123–31. Lemgo, 2016.
  chicago-de: 'Hinrichsen, Sven. 2016. How Elasticity Indicators Support Cost Management.
    In: <i>Production Engineering and Management</i>, hg. von Franz-Josef Villmer,
    Elio Padoano, Department of Production Engineering and Management, und Hochschule
    Ostwestfalen-Lippe, 123–131. Lemgo.'
  din1505-2-1: '<span style="font-variant:small-caps;">Hinrichsen, Sven</span>: How
    Elasticity Indicators Support Cost Management. In: <span style="font-variant:small-caps;">Villmer,
    F.-J.</span> ; <span style="font-variant:small-caps;">Padoano, E.</span> ; <span
    style="font-variant:small-caps;">Department of Production Engineering and Management</span>
    ; <span style="font-variant:small-caps;">Hochschule Ostwestfalen-Lippe</span>
    (Hrsg.): <i>Production Engineering and Management</i>. Lemgo, 2016, S. 123–131'
  havard: 'S. Hinrichsen, How Elasticity Indicators Support Cost Management, in: F.-J.
    Villmer, E. Padoano, Department of Production Engineering and Management, Hochschule
    Ostwestfalen-Lippe (Eds.), Production Engineering and Management, Lemgo, 2016:
    pp. 123–131.'
  ieee: S. Hinrichsen, “How Elasticity Indicators Support Cost Management,” in <i>Production
    Engineering and Management</i>, Lemgo, 2016, no. 1, pp. 123–131.
  mla: Hinrichsen, Sven. “How Elasticity Indicators Support Cost Management.” <i>Production
    Engineering and Management</i>, edited by Franz-Josef Villmer et al., no. 1, 2016,
    pp. 123–31.
  short: 'S. Hinrichsen, in: F.-J. Villmer, E. Padoano, Department of Production Engineering
    and Management, Hochschule Ostwestfalen-Lippe (Eds.), Production Engineering and
    Management, Lemgo, 2016, pp. 123–131.'
  ufg: '<b>Hinrichsen, Sven</b>: How Elasticity Indicators Support Cost Management,
    in: <i>Villmer, Franz-Josef u. a. (Hgg.)</i>: Production Engineering and Management,
    Lemgo 2016,  S. 123–131.'
  van: 'Hinrichsen S. How Elasticity Indicators Support Cost Management. In: Villmer
    FJ, Padoano E, Department of Production Engineering and Management, Hochschule
    Ostwestfalen-Lippe, editors. Production Engineering and Management. Lemgo; 2016.
    p. 123–31.'
conference:
  end_date: 2016-09-30
  location: Lemgo
  name: Proceedings 6th International Conference
  start_date: 2016-09-29
corporate_editor:
- Department of Production Engineering and Management
- Hochschule Ostwestfalen-Lippe
date_created: 2019-02-18T15:23:42Z
date_updated: 2023-04-14T11:37:27Z
ddc:
- '330'
department:
- _id: DEP1306
- _id: DEP7020
editor:
- first_name: Franz-Josef
  full_name: Villmer, Franz-Josef
  last_name: Villmer
- first_name: Elio
  full_name: Padoano, Elio
  last_name: Padoano
file:
- access_level: open_access
  content_type: application/pdf
  creator: mqc-p4h
  date_created: 2023-04-14T11:36:14Z
  date_updated: 2023-04-14T11:36:14Z
  file_id: '9701'
  file_name: PEM 2016 paper Hinrichsen final.pdf
  file_size: 130007
  relation: main_file
  success: 1
file_date_updated: 2023-04-14T11:36:14Z
has_accepted_license: '1'
issue: '1'
keyword:
- Cost management
- Overhead costs
- Direct costs
- Labor costs
- Elasticity
language:
- iso: eng
oa: '1'
page: 123-131
place: Lemgo
publication: Production Engineering and Management
publication_identifier:
  isbn:
  - 978-3-946856-00-9
publication_status: published
status: public
title: How Elasticity Indicators Support Cost Management
type: conference
user_id: '49010'
year: '2016'
...