How to cite this paper
Luchini, J., Pinto, A., Pinto, R., Hermosilla, J., Moraes, M & Nagano, M. (2026). Application of throughput accounting in production mix decisions for a small metallurgical enterprise.Accounting, 12(2), 89-102.
Refrences
Al-Beshtawi, S. H. (2014). The Role of the Theory of Constraint (TOC) in Developing Systems for Managing Expenses to Develop and Enhance Production Operations and its Profits an Applied Study in Indústrial Companies Whose Shares are Listed in Amman STOCk Exchange Market. European Journal of Business and Management, 6(16), 124-135.
Buys, P. W. (2024). Cost Accounting Perspectives. In Crafting Efficiency in Managerial Costing System Design: An Integrated Design Science Approach (pp. 77-106). Singapore: Springer Nature Singapore. https://doi.org/10.1007/978-981-97-0934-2_5.
Bhattacharya, A.; Vasant, P. (2007). Disparate Level of Satisfaction in Intelligent TOC Product-Mix Decisions using Smoot Membership Function. Conference: 6th Asia Pacific Indústrial Engineering & Management Conference, 177, 55-70.
Blackstone, J. H. (2001). Theory of constraints-a status report. International Journal of Production Research, 39(6), 1053-1080. https://doi.org/10.1080/00207540010028119.
Chaharsoughi, S., & Jafari, N. (2007). A Simulated Annealing Approach for Product Mix Decisions. Scientia Iranica, 14(3), 230-235.
Chen, J., Wang, J. Q., & Du, X. Y. (2021). Shifting bottleneck-driven TOCh for solving product mix problems. International Journal of Production Research, 59(18), 5558-5577. https://doi.org/10.1080/00207543.2020.1787535.
Coman, A., & Ronen, B. (2000). Production outsourcing: a linear programming model for the theory-of-constraints. International Journal of Production Research, 38(7), 1631-1639. https://doi.org/10.1080/002075400188762.
Corbett, T. 1999. Throughput Accounting. Croton-on-Hudson, NY: The North River Press.
Cox III, J. F., Boyd, L. H., Sullivan, T. T., Reid, R. A., & Cartier, B. (2012). The Theory of Constraints International Certification Organization Dictionary. 2nd ed. New York, NY: McGraw-Hill, 2012.
Curado, C.; Jesus, M.; Bontis, N. (2022). SMEs Managers’ Perceptions of MCS: A Mixed Methods Approach. Journal of Small Business Strategy, 32(4), 30–47, 2022. https://doi.org/10.53703/001c.37758.
De Souza, F. B., Sobreiro, V. A., Nagano, M. S., & de Souza Manfrinato, J. W. (2013). When less is better: Insights from the product mix dilemma from the Theory of Constraints perspective. International Journal of Production Research, 51(19), 5839-5852. https://doi.org/10.1080/00207543.2013.802052.
Donthu, N., Kumar, S., Pattnaik, D., & Lim, W. M. (2021). A bibliometric retrospection of marketing from the lens of psychology: Insights from Psychology & Marketing. Psychology & Marketing, 38(5), 834-865. https://doi.org/10.1002/mar.21472.
Draman, R. H., Lockamy Iii, A., & Cox Iii, J. F. (2002). Constraint‐based accounting and its impact on organizational performance: a simulation of four common business strategies. Integrated Manufacturing Systems, 13(4), 190-200. https://doi.org/10.1108/09576060210426895.
Dugdale, D., & Jones, T. C. (1998). Throughput accounting: transforming practices? The British Accounting Review, 30(3), 203-220. https://doi.org/10.1006/bare.1997.0062.
Elsukova, T. V. (2015). Lean accounting and throughput accounting: an integrated approach. Mediterranean Journal of Social Sciences, 6(3), 83-87. https://doi.org/10.5901/mjss.2015.v6n3p83.
Fang-jun, W., Hua, C., & Pei-yu, O. (2007, August). Integrating activity-based costing and theory of constraints for making product-mix decisions. In 2007 International Conference on Management Science and Engineering (pp. 620-626). IEEE. https://doi.org/10.1109/ICMSE.2007.4421914.
Franczak, J., & Weinzimmer, L. (2022). How SMEs leverage adaptability, risk-taking, and action into positive performance—A moderated mediation model. Journal of Small Business Strategy, 32(4), 16-29. https://doi.org/10.53703/001c.40318.
Fredendall, L. D., & Lea, B. R. (1997). Improving the product mix heuristic in the theory of constraints. International Journal of Production Research, 35(6), 1535-1544. https://doi.org/10.1080/002075497195100.
Galli-Debicella, A. (2021). How SMEs compete against global giants through sustainable competitive advantages. Journal of Small Business Strategy, 31(5), 13-21. https://doi.org/10.53703/001c.29812.
García-Vidal, G., Sánchez-Rodríguez, A., Pérez-Campdesuñer, R., & Martínez-Vivar, R. (2023). Contribution margin and quantity matrix to analyze the product portfolio in the context of SMEs. Criticism of the BCG matrix and its alternatives. Cogent Business & Management, 10(3), 2233272. https://doi.org/10.1080/23311975.2023.2233272.
Goldratt, E. M. (2010). Introduction to TOC – My Perspective. In Theory of Constraints Handbook, edited by J. F. Cox III, and J. G. Schleier, 3–9. New York, NY: McGraw-Hill.
Goldratt, E. M. (1990). What is This Thing Called Theory of Constraints and how Should it be Implemented? Croton-on-Hudson, NY: North River Press.
Goldratt, E. M. (1988). Computerized shop floor scheduling. The International Journal of Production Research, 26(3), 443-455. https://doi.org/10.1080/00207548808947875.
Goldratt, E. M., and J. Cox. (1984). The Goal: Excellence in Manufacturing. Croton-on-Hudson, NY: North River Press.
Gupta, A., Bhardwaj, A., & Kanda, A. (2010). Fundamental concepts of theory of constraints: An emerging philosophy. World Academy of Science, Engineering and Technology, 46(10), 686-692. https://doi.org/10.1016/j.sbspro.2014.09.104.
Gupta, M. (2001). Activity-based throughput management in a manufacturing company. International Journal of Production Research, 39(6), 1163-1182. https://doi.org/10.1080/00207540010023556.
Gupta, M. C., Baxendale, S. J., & Raju, P. S. (2002). Integrating ABM/TOC approaches for performance improvement: a framework and application. International Journal of Production Research, 40(14), 3225-3251. https://doi.org/10.1080/00207540210147016.
Gupta, M. C., & Boyd, L. H. (2008). Theory of constraints: a theory for operations management. International journal of Operations & Production Management, 28(10), 991-1012. https://doi.org/10.1108/01443570810903122.
Gutiérrez, M. (2021). Making better decisions by applying mathematical optimization to cost accounting: An advanced approach to multi-level contribution margin accounting. Heliyon, 7(2) e06096. https://doi.org/10.1016/j.heliyon.2021.e06096.
Haegeman, K., Marinelli, E., Scapolo, F., Ricci, A., & Sokolov, A. (2013). Quantitative and qualitative approaches in Future-oriented Technology Analysis (FTA): From combination to integration?. Technological Forecast and Social Change, 80(3), 386-397. https://doi.org/10.1016/j.techfore.2012.10.002.
Hegazi, M. O. (2024). A novel approach for simulating and optimizing the production costing system. Heliyon, 10(24) e40932. https://doi.org/10.1016/j.heliyon.2024.e40932.
Hilmola, O. P., & Li, W. (2016). Throughput accounting heuristics is still adequate: Response to criticism. Expert Systems with Applications, 58, 221-228. https://doi.org/10.1016/j.eswa.2016.03.051.
Hsu, T. C., & Chung, S. H. (1998). The TOC-based algorithm for solving product mix problems. Production Planning & Control, 9(1), 36-46. https://doi.org/10.1080/095372898234505.
Ifandoudas, P., & Gurd, B. (2010). Costing for decision-making in a theory of constraints environment. Journal of Applied Management Accounting Research, 8(1), 43.
Ikeziri, L. M., Souza, F. B. D., Gupta, M. C., & de Camargo Fiorini, P. (2019). Theory of constraints: review and bibliometric analysis. International Journal of Production Research, 57(15-16), 5068-5102. https://doi.org/10.1080/00207543.2018.1518602.
Islam, K. A. (2015). Throughput accounting: a case study. International Journal of Finance and Banking Research, 1(2), 19-23. https://doi.org/10.11648/j.ijfbr.20150102.11.
Jassem, S. (2021). Alternative to distortions created by traditional cost accounting: Throughput accounting. Academy of Strategic Management Journal, 20(2), 1-15.
Lee, T., & Plenert, G. (1996). Maximizing product mix Profitability-What’s the best analysis tool. Production Planning & Control, 7(6), 547-553. https://doi.org/10.1080/09537289608930388.
Liang, H. (2025). Modern Technology’s role in accounting cost calculation of industrial enterprises: Informatization as a key strategy to improve management efficiency. Heliyon, 11(1) e41523. https://doi.org/10.1016/j.heliyon.2024.e41523.
Lin, N. (2020). Designing global sourcing strategy for cost savings and innovation: A configurational approach. Management International Review, 60(5), 723-753. https://doi.org/10.1007/s11575-020-00428-5.
Linhares, A. (2009). Theory of constraints and the combinatorial complexity of the product-mix decision. International Journal of Production Economics, 121(1), 121-129. https://doi.org/10.1016/j.ijpe.2009.04.023.
Linnenluecke, M. K., Marrone, M., & Singh, A. K. (2020). Conducting systematic literature reviews and bibliometric analyses. Australian Journal of Management, 45(2), 175-194. https://doi.org/10.1177/0312896219877678.
Lockamy, A. (2003). A constraint‐based framework for strategic cost management. Industrial Management & Data Systems, 103(8), 591-599. https://doi.org/10.1108/02635570310497639.
Luebbe, R., & Finch, B. (1992). Theory of constraints and linear programming: a comparison. International Journal of Production Research, 30(6), 1471-1478. https://doi.org/10.1080/00207549208942967.
Lueg, R., & Ilieva, D. (2024). Customer Profitability Analysis in decision-making–The roles of customer characteristics, cost structures, and strategizing. Plos One, 19(5), e0296974. https://doi.org/10.1371/journal.pone.0296974.
Lutilsky, I. D., Liović, D., & Marković, M. (2018). Throughput accounting: Profit-focused cost accounting method. Interdisciplinary Management Research Xiv (Imr 2018), 14, 1382-1395.
Mabin, V. J., & Balderstone, S. J. (2003). The performance of the theory of constraints methodology Analysis and discussion of successful TOC applications. International journal of operations & Production Management, 23(6), 568-595. https://doi.org/10.1108/01443570310476636.
Mabin, V. J., & Balderstone, S. J. (2003). The performance of the theory of constraints methodology Analysis and discussion of successful TOC applications. International journal of operations & Production Management, 23(6), 568-595. https://doi.org/10.1108/01443570310476636.
Machado, M. P., Abreu, J. L., Morandi, M. I. M., Piran, F. S., & Lacerda, D. P. (2023). Exploratory decision robustness analysis of the theory of constraints focusing process using system dynamics modeling. International Journal of Production Economics, 260, 108856. 1–11. https://doi.org/10.1016/j.ijpe.2023.108856.
Majercak, P., Cisko, S., & Majercakova, E. (2013). The impact of theory of constraints on the management accounting. In 7th International Days of Statistics and Economics. Prague, Czech Republic. ISBN 978-80-86175-87-4, 894-904.
Mansourabad, I. B., Daneshi, A., & Pirzad, A. (2013). Using Theory of Constraints in selecting product mix. European Online Journal of Natural and Social Sciences, 2(1), 146-155.
Matović, N., & Ovesni, K. (2023). Interaction of quantitative and qualitative methodology in mixed methods research: integration and/or combination. International Journal of Social Research Methodology, 26(1), 51-65. https://doi.org/10.1080/13645579.2021.1964857.
Mehra, S., Inman, R. A., & Tuite, G. (2005). A simulation‐based comparison of TOC and traditional accounting performance measures in a process industry. Journal of Manufacturing Technology Management, 16(3), 328-342. https://doi.org/10.1108/17410380510583635.
Mishra, N., Tiwari, M. K., Shankar, R., & Chan, F. T. (2005). Hybrid tabu-simulated annealing based approach to solve multi-constraint product mix decision problem. Expert Systems with Applications, 29(2), 446-454. https://doi.org/10.1016/j.eswa.2005.04.044.
Naor, M., Bernardes, E. S., & Coman, A. (2013). Theory of constraints: is it a theory and a good one?. International Journal of Production Research, 51(2), 542-554. https://doi.org/10.1080/00207543.2011.654137.
Nazari-Shirkouhi, S., Eivazy, H., Ghodsi, R., Rezaie, K., & Atashpaz-Gargari, E. (2010). Solving the integrated product mix-outsourcing problem using the imperialist competitive algorithm. Expert Systems with Applications, 37(12), 7615-7626. https://doi.org/10.1016/j.eswa.2010.04.081.
Noreen, E., Smith, D., & Mackey, J. T. (1995). Theory of constraints and its implications for management accounting: A report on the actual implementation of the theory of constraints. Great Barrington, M.A.: North River Press, Incorporated.
Ojra, J., Opute, A. P., & Alsolmi, M. M. (2021). Strategic management accounting and performance implications: a literature review and research agenda. Future Business Journal, 7(64), 2-17. https://doi.org/10.1186/s43093-021-00109-1
Orouji, M. (2016). Theory of constraints: a state-of-art review. Accounting, 2(1), 45-52. https://doi.org/10.5267/j.ac.2015.12.004.
Padilla-Ospina, A. M., Medina-Vásquez, J. E., & Ospina-Holguín, J. H. (2021). Financial determinants of innovation in SMEs: A machine learning approach. Journal of Small Business Strategy, 31(5), 117-131. https://doi.org/10.53703/001c.29839.
Patterson, M. C. (1992). The product-mix decision: a comparison of theory of constraints and labor-based management accounting. Production and Inventory Management Journal, 33(3), 80-85.
Pinto, A. R. F., Crepaldi, A. F., & Nagano, M. S. (2018). A Genetic Algorithm applied to pick sequencing for billing. Journal of Intelligent Manufacturing, 29(2), 405-422. https://doi.org/10.1007/s10845-015-1116-7.
Plenert, G. (1993). Optimizing theory of constraints when multiple constrained resources exist. European Journal of Operational Research, 70(1), 126-133. https://doi.org/10.1016/0377-2217(93)90237-H.
Ramanujam, V., Venkatraman, N., & Camillus, J. C. (1986). Multi-objective assessment of effectiveness of strategic planning: a discriminant analysis approach. Academy of management Journal, 29(2), 347-372. https://doi.org/10.5465/256192.
Ramesh, P. K., & Sumitra, K. (2024). Cost Drivers-An Influencing Attribute in Profitability and Strategic Cost Management Decision Making. Humanities, 11(S2), 115-19. https://doi.org/10.34293/sijash.v11iS2-Feb.7433.
Ray, A., Sarkar, B., & Sanyal, S. K. (2008). An improved theory of constraints. International Journal of Accounting & Information Management, 16(2), 155-165. https://doi.org/10.1108/18347640810913816.
Salman, A. J. (2022). Accounting For Throughput And Its Role In Restructuring Costs And Allocating Them To Products. Journal of Positive School Psychology, 6(5), 3341-3359.
Şimşit, Z. T., Günay, N. S., & Vayvay, Ö. (2014). Theory of constraints: A literature review. Procedia-Social and Behavioral Sciences, 150, 930-936. https://doi.org/10.1016/j.sbspro.2014.09.104.
Smith, D. (2000). The measurement nightmare: How the theory of constraints can resolve conflicting strategies, policies, and measures. Florida: CRC Press.
Sokolov, A. Y., & Elsukova, T. V. (2016). Using abc to enhance throughput accounting: An integrated management approach. Academy of Strategic Management Journal, 15(S4), 8-15.
Szukits, Á., & Móricz, P. (2024). Towards data-driven decision making: the role of analytical culture and centralization efforts. Review of Managerial Science, 18(10), 2849-2887. https://doi.org/10.1007/s11846-023-00694-1.
Tollington, T., & Wachter, P. (2001). ABC/TA for Internet retail shopping. International Journal of Retail & Distribution Management, 29(4), 149-155. https://doi.org/10.1108/09590550110387944.
Tsai, W. H., Lai, C. W., Tseng, L. J., & Chou, W. C. (2008). Embedding management discretionary power into an ABC model for a joint products mix decision. International Journal of Production Economics, 115(1), 210-220. https://doi.org/10.1016/j.ijpe.2008.05.013.
Utku, B. D., Cengiz, E., & Ersoy, A. (2011). Comparison of the theory of constraints with the traditional cost accounting methods in respect to product mix decisions. Doğuş Üniversitesi Dergisi, 12(2), 317-331.
Watson, K. J., Blackstone, J. H., & Gardiner, S. C. (2007). The evolution of a management philosophy: The theory of constraints. Journal of operations Management, 25(2), 387-402. https://doi.org/10.1016/j.jom.2006.04.004.
Zhuang, Z. Y., & Chang, S. C. (2017). Deciding product mix based on time-driven activity-based costing by mixed integer programming. Journal of Intelligent Manufacturing, 28(4), 959-974. https://doi.org/10.1007/s10845-014-1032-2.