Howard Meeks

Associate Professor

Office: 3015 Black
Email: hdmeeksiastate.edu

Tel:  515.203.6404 (cell)
Fax: 515.294.3524

Research Description

I am presently working on Constraint Management Financial Analysis.  The work involves showing why cost allocation methods such as ABC costing are not only unreliable but mathematically incorrect since all such present methods violate the Distributive Law of Algebra.  As an aside, the Distributive Law is learned in first year of high school algebra as factoring.  Related to this problem is the fact that people use the incorrect methods to make financial decisions.  Note that accounting for owners and the IRS is not the same as making decisions and there is no reason to assume the same methods have to be used.

A workshop is being developed and improved to use help managers and analysts use correct mathematics to form financial decisions.  Some rather large companies have suffered severe setbacks using incorrect analysis techniques to form and implement decisions.

As a summary, allocating costs to determine price per part or profit per unit is probably the most common and dangerous result that has to be overcome.

Working Paper

The working paper on the constraint management financial analysis is being prepared.