OPPORTUNITY COSTS IN MANAGEMENT RESEARCH

Abstract

The opportunity cost of using a resource to produce A is the maximum value foregone by not using it to produce B, C and so on. If a resource is entirely specific to one task and has no resale value, its use involves no opportunity cost and it is called a “free good”. In management research there are no free goods. The author jotted this sombre commentary while ostensibly discussing “Opportunities in Management Research” and will now illustrate it a little.

Citation

Gee, K.P. (1973), "OPPORTUNITY COSTS IN MANAGEMENT RESEARCH", Management Decision, Vol. 11 No. 5, pp. 309-313. https://doi.org/10.1108/eb001030