Total Cost of Ownership Models: An Exploratory Study

By B. Ferrin, Richard E. Plank. 2002

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Organizational and institutional barriers to value-based pricing in industrial relationships (2015, background): “Evidence from industrial procurement suggests that procurement knowledge on value-based concepts, such as the total-cost-of-ownership, is limited (Ferrin & Plank, 2002), and buyers may have difficulties absorbing the message (Cohen & Levinthal, 1990).”
Toward a contingency theory of supply chains (2004, background): “Unfortunately, this goal requires a highly multi-dimensional model that is difficult to quantify or evaluate ( Ferrin and Plank, 2002”
Estimating the cost effects of purchasing centralization—Empirical evidence from framework agreements in the public sector (2011, background): “Multiple articles discuss Total cost of ownership (TCO) –models, designed to develop an understanding of the true cost of purchase and aid in purchasing decision making and supplier selection (e.g. Ellram, 1993; Ferrin and Plank, 2002; Hurkens et al., 2006).”
Global value chains: from governance to governmentality? (2008, background): “acknowledged a trade-off between complexity and utility. Sarkis and Talluri (2002) stated that, when their own model was tested in discussions with managers, ‘it was clear that the large number of factors and relationships caused them to be fatigued’.”