Levelized Product Cost: Concept and Decision Relevance
研究了适用于制造和服务业的平准化产品成本概念，将其与全成本关联，并指出在特定条件下该成本可作为长期边际产品成本，用于产能投资决策。
ABSTRACT We examine a life-cycle cost concept that applies to both manufacturing and service industries in which upfront capacity investments are essential. Borrowing from the energy literature, we refer to this cost measure as the Levelized Product Cost (LC). Per unit of output, the levelized cost aggregates a share of the initial capacity investment with periodic fixed and variable operating costs. We relate this cost measure to the notion of full cost, as commonly calculated in managerial accounting texts. Our analysis identifies conditions under which the LC can be interpreted as the long-run marginal product cost. In particular, the LC is the relevant unit cost that firms should impute for investments in productive capacity.