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ИД «Финансы и кредит»






Economic Analysis: Theory and Practice

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Applying the econometric tools to analyze a cost management process

Vol. 17, Iss. 12, DECEMBER 2018

PDF  Article PDF Version

Received: 18 September 2018

Received in revised form: 2 October 2018

Accepted: 16 October 2018

Available online: 24 December 2018


JEL Classification: С10, C80, D20, L22, M40

Pages: 1459–1477


Pakhomov A.V. AO Scientific and Production Complex Dedal (Rosatom State Atomic Energy Corporation), Dubna, Moscow Oblast, Russian Federation

ORCID id: not available

Pakhomova E.A. Dubna State University, Dubna, Moscow Oblast, Russian Federation


Rozhkova O.V. Dubna State University, Dubna, Moscow Oblast, Russian Federation


Subject The article analyzes a cost management cycle, being a determinant in economic result formation, which is expressed by profit, and in competitiveness enhancement.
Objectives The purpose is to use econometric tools to expand the analysis of cost management process through the modification and practical implementation of methodology components for multilevel systematic itemization of financials, and to highlight semi-variable and semi-fixed costs in total costs of the enterprise as an element of its external environment.
Methods The study employs a multiple regression technique and multilevel systematic itemization of enterprise financials.
Results The original methodology modification based on the specifics of the problem under analysis enabled to expand the scope of tools and offer directions of model development that take into account the departure from the traditional split of economic processes at the micro, meso, and macro levels. We considered relationships between the volume of production by brand, total amount of fixed costs, variable costs per unit, and performance with the help of assessing the break-even point. The analysis helped confirm semi-fixed and semi-variable costs and showed that the enterprise will remain in the break-even zone for the next five years.
Conclusions The calculations demonstrate that it is possible to solve the problem of cost splitting. Modern information and computer tools can provide a labor-saving algorithm and adequate quality of results of analytical activity to develop and implement further administrative decisions.

Keywords: performance management, semi-variable costs, semi-fixed costs, multiple regression, dynamic model, spiral model


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