scholarly journals Cost management in track facilities of railway transport infrastructure

2018 ◽  
Vol 216 ◽  
pp. 02005
Author(s):  
Irina Solskaya ◽  
Sergei Belomestnykh
Keyword(s):  
Management System ◽  
Cost Management ◽  
Transport Infrastructure ◽  
Railway Transport ◽  
Theoretical Concepts ◽  
Analysis And Synthesis ◽  
General Scientific ◽  
Cost Management System ◽  
Effective Use ◽  
The Cost

The purpose of the study is definition and substantiation of the main development points of assessment and planning functions in the cost management system of railway transport infrastructure. Methods used in the study include general scientific analysis and synthesis, dynamic and structural analysis of economic indicators, as well as textual analysis of regulatory documents. Such approach enables to formulate industry-specific peculiarities of cost assessment based on general theoretical concepts of effective use of factors of production. The result of this study is an author's developed approach to cost management system for railway transport infrastructure.

scholarly journals Conceptual foundations for the formation of economically feasible costs in railway transport enterprises

2020 ◽  
Vol 11 ◽  
pp. 141-147
Author(s):  
Nadiia Bohomolova ◽  
Vitalina Ovrutska
Keyword(s):  
Financial Management ◽  
Management System ◽  
Cost Management ◽  
Cost Optimization ◽  
Diagnostic Tools ◽  
Negative Consequences ◽  
Railway Transport ◽  
Conceptual Approach ◽  
Cost Management System ◽  
The Cost

The article deals with the need to improve the cost management system of the railway transport of Ukraine in current economic conditions. Diagnostics of the cost management system demonstrated that modern methods of cost optimization have not been fully used so far. Optimization is often considered as the reduction in the resource use; therefore, due to price increase of materials and other resources, it frequently leads to negative consequences. In addition, the cost management system itself and its diagnostic tools are aimed at analyzing the past, but not shaping future development, which reduces the efficiency of financial management. The article outlines a system of principles for the formation of economically feasible costs, including the requirements of two blocks. The first block is aimed at increasing the efficiency of the cost management system as an integral part of the enterprise management system. The second one is aimed at ensuring the practice of transparency and open interaction with key stakeholders. The authors substantiate the organizational and economic approach to the implementation of segment-oriented cost management. This approach is based on (1) regulatory framework in terms of composition and specification of the costs that are not taken into account in the regulation of price and tariffs; (2) ensuring the procedures for compliance of the nomenclature of income and expenses); (3) use of systemic and situational cost management tools for adaptation and enhancing of competition policy and reforms implementation. Cost management of various segments (freight, passenger transportation, ancillary activities, etc.) requires different management forms and techniques. The provisions of the suggested conceptual approach to cost management of railway enterprises should be implemented in close accordance with two key factors - (1) the strategic principles of the railway enterprise development and (2) its revenue management system

scholarly journals Web based cost management tool prototype development using temporal-activity based costing (Temporal-ABC)

2021 ◽  
Author(s):  
Mourougavelou Vaithianathan
Keyword(s):  
Management System ◽  
Cost Management ◽  
Plant Performance ◽  
Management Tool ◽  
Activity Based Costing ◽  
Product Cost ◽  
Web Based ◽  
Prototype Development ◽  
Cost Management System ◽  
The Cost

The cost management system is a powerful tool for managers to understand manufacturing plant performance. It is essential for any organization to develop a cost management system to estimate the product cost and to account actual cost spent for the product manufacturing. The Activity Based Costing (ABC) system has recently attracted the attention of many companies and is considered to provide better information about the cost pattern and the relationship between resources and activities. However, a survey of earlier research reveals that there are several difficulties to estimate the true product cost due to selection of overhead drivers to activities. To overcome these difficulties Temporal-ABC has been developed by Dr. K.D. Tham. In the first part of the report, costing system implementation issues are studied through real-time case studies. Then, research has been conducted and web-based proptotype application is developed using Temporal-ABC through collaboration with a world-class electronics industry - Celestica Inc. Toronto, Canada. The developed prototype demonstrates the application of Temporal-ABC for cost estimation at Celestica.

Cost management in agribusiness organizations

2021 ◽  
pp. 24-34
Author(s):  
S. A. Tunin ◽  
A.V. Frolov
Keyword(s):  
Management System ◽  
Cost Management ◽  
Industrial Complex ◽  
Accounting System ◽  
Effective Cost ◽  
Modern Economic ◽  
The Subject ◽  
Cost Management System ◽  
Agricultural Organizations ◽  
The Cost

The article presents the results of the development and testing of cost management methods in agricultural organizations. The purpose of the activity of any organization that has set itself the task of extracting profit is its growth and increasing the efficiency of its activities. As a rule, all organizations strive to maximize their profits while minimizing the costs incurred. In modern economic conditions, such an approach is possible only with a properly constructed effective cost management system. Rational use of available resources by organizations of the agro-industrial complex with proper cost management will allow organizations to be competitive in the market and carry out their activities in the foreseeable future. The subject of the study is the cost management accounting system, the object of the organization of the agro-industrial complex of the Stavropol Territory. The information base was the forms of specialized reporting of agricultural organizations of the Stavropol Territory. The scientific novelty of the research consists in the development of a methodology for the cost management system in the agro-industrial complex organizations of the Stavropol Territory.

scholarly journals Modeling the Design Team as a Temporary Management Structure: Reality versus Theory

2012 ◽  
Vol 7 (1) ◽  
pp. 19-28
Author(s):  
Kathy Michell ◽  
Paul Bowen ◽  
Keith Cattell
Keyword(s):  
Management System ◽  
Cost Management ◽  
Soft Systems Methodology ◽  
Theory And Practice ◽  
Design Team ◽  
Systems Methodology ◽  
Soft Systems ◽  
Management Structure ◽  
Cost Management System ◽  
The Cost

The focus of the cost management literature is almost exclusively on technical issues, with scant attention to its social, political and organisational dimensions. In this paper the authors document research examining the design team as a temporary management structure, with emphasis on the efficacy of the cost management system as a vehicle for attaining client objectives with respect to time, cost and quality. Soft systems methodology is used to explore the perceptions of stakeholders to the cost management system, thus developing conceptual models of the theory and practice of cost management. Significant differences were found to exist between the perceptions of individual stakeholders concerning design team participants, participants’ roles, and the very purpose of the cost management system. Recommendations are made for structural, attitudinal and procedural changes to the cost management system in order to facilitate its effective functioning in the achievement of the client’s needs and objectives.

scholarly journals A centralised cost management system: exploiting EVM and ABC within IPD

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Faris Elghaish ◽  
Sepehr Abrishami
Keyword(s):  
Management System ◽  
Risk Sharing ◽  
Management Practices ◽  
Cost Management ◽  
Web Based ◽  
Content Type ◽  
Team Members ◽  
Cost Management System ◽  
The Cost

PurposeIntegrated project delivery (IPD) is highly recommended to be utilised with building information management (BIM), specifically with BIM level-3 implementation process. Extant literature highlights the financial management challenges facing the proposed integration. These challenges are mainly related to the IPD compensation and the conventional cost control approaches that are not consistent with IPD principles. As such, this paper presents an integration of several methods to support automating risk/reward sharing amongst project parties thus enhancing IPD core team members’ relationship.Design/methodology/approachThe literature review was used to highlight the challenges that face the IPD-based cost management practices such as the risk sharing/reward sharing amongst IPD core team members and potential methods to bridge the revealed IPD gap. A framework was developed by integrating the activity-based costing (ABC) – as a method to analyse the cost structure – and earned value management (EVM) to develop mathematical models that can determine the three main IPD financial transactions (i.e. …) fairly. To demonstrate the applicability of the developed system, a real-life case study was used, in which, promising results were collected in regard to visualising the cost control data and understanding of the accumulative status of the project cost and schedule for team members.FindingsA centralised cost management system (CCMS) for IPD is developed to enable the IPD cost structure as well as automating the risk-sharing/reward-sharing calculations. This system is linked with a web-based management system to display the output of proposed risk-sharing/reward-sharing models. Moreover, a novel grid is developed to show the project status graphically and to respect the diversity in core team members backgrounds. In addition, the case study showed that the proposed integration of different methods (ABC, EVM, BIM and web-based management system) is interoperable and applicable.Originality/valueThis research presents a comprehensive solution to the most revealed challenges in cost management practices in IPD implementation. The outcome of this research contributes to the body of knowledge through presenting new extensions of the EVM to be used with the IPD approach to calculate risk/reward. Moreover, the implementation of the proposed tools such as centralised cost management system (CCMS) and CCMS for IPD web system will enhance/foster the implementation of the IPD in conjunction with BIM process.

Optimization Design for Petrochemical Data Operation Cost Management System

2013 ◽  
Vol 380-384 ◽  
pp. 4658-4662
Author(s):  
Hua Qing Shao ◽  
Wang Bin ◽  
Yu Hui Liu
Keyword(s):  
Management System ◽  
Optimization Design ◽  
Cost Management ◽  
Design Method ◽  
Rapid Development ◽  
Cost Management System ◽  
The Cost ◽  
Constrained Conditions ◽  
Operation Cost ◽  
Optimal Calculation

With the rapid development of petrochemical industry, it becomes an inevitable trend that petrochemical data operation cost should be controlled effectively. How to strengthen petrochemical data operation cost management has become one of the hot topics in petrochemical system. This paper presents a design method of petrochemical data cost management system based on multi-objective constraint calculation. The optimal cost control is guaranteed by using genetic algorithm for the optimal calculation solution on the constrained conditions of petrochemical data in order to achieve petrochemical data cost management task. The results of computer simulation with VC6.0 show that the system finished the cost management better and had good robustness.

scholarly journals ЗАБЕЗПЕЧЕННЯ РЕЗУЛЬТАТИВНОСТІ ОБЛІКУ ТА АУДИТУ СИСТЕМИ УПРАВЛІННЯ ВИТРАТАМИ ПІДПРИЄМСТВ АЕРОКОСМІЧНОЇ ГАЛУЗІ

2020 ◽  
pp. 58-64
Author(s):  
Г. С. Ліхоносова ◽  
В. Г. Бондаренко
Keyword(s):  
Management System ◽  
Cost Management ◽  
Practical Importance ◽  
Aerospace Industry ◽  
Cost Accounting ◽  
Production Costs ◽  
Practical Significance ◽  
Main Hypothesis ◽  
Cost Management System ◽  
The Cost

The article considers the organization of the cost management system as an object of accounting, the factors that affect the cost and effectiveness of methods of audits of costs for the production of aerospace products. The purpose of the article is to present the issues of accounting and analytical support and audit of the cost management system in the aerospace industry with a focus on the features of accounting and audit of the cost system in the aerospace industry. The methodological basis of the study is a number of scientific methods, including methods of empirical research - comparison, methods of theoretical knowledge – formalization and general research methods - analysis, synthesis and grouping. The main hypothesis of the study was the assumption that the accounting and analytical support of cost management system is influenced by various factors, including: type of production, features of its organization, product range, enterprise management structure, organization of accounting by places and centers of responsibility, cost accounting methods and costing products and the level of automation of accounting work. Presenting main material. It was found that cost accounting occupies a decisive place in accounting and analytical support and audit procedures. The formation of accounting and analytical support of the cost management system in the aerospace industry largely depends on the factors influencing the formation of the cost and the organization of the analysis of the component costs of enterprises. The organization of synthetic and analytical accounting of production costs should ensure: reflection of all performed operations on costs, appropriate distribution of costs by objects of accounting and calculation objects, determination of production costs, timely receipt of necessary information for management purposes. The originality and practical significance of the study is confirmed by the analysis of the possibility of auditing the enterprises of the aerospace industry. The proposed method of accounting and costing is of practical importance and can be used for other enterprises in the aerospace industry. Conclusions and prospects for further research. The method of cost accounting presented in the article is of practical importance for the enterprises of the aerospace industry. Further research will be aimed at improving the accounting and analytical support and algorithms for audits of the cost management system in the aerospace industry

scholarly journals The Cost Management of Aircraft-Building Enterprises through a Process-Oriented Approach in the Socio-Behavioral Economy

2020 ◽  
Vol 9 (512) ◽  
pp. 181-188
Author(s):  
T. O. Simkova ◽  
◽  
I. О. Borysiuk ◽  
Keyword(s):  
Management System ◽  
Process Management ◽  
Cost Management ◽  
Negative Influence ◽  
Building Industry ◽  
Process Oriented ◽  
Cost Management System ◽  
The Cost ◽  
Oriented Approach ◽  
Building Enterprises

The article is aimed at studying the cost management system of aircraft-building enterprises through a process-oriented approach in the socio-behavioral economy by allocating the stages of implementation of the cost management system by the processes at aircraft-building enterprises. This will help to identify sources of financial saving and to the maximum streamline the costs of enterprise, as well as efficiently administrate the activities of the enterprise as a whole. Approaches to the meaningful concept of «costs» in the scientific works of many scholars are considered. An analysis of the development of the aircraft-building industry of Ukraine is carried out. The problems of insufficient development of the industry and factors of negative influence are identified; a process-oriented approach to the formation of a process management system at domestic aircraft-building enterprises is proposed by combining the method of determining the target costs and the method of determining costs by processes. The implementation of the cost management system of aircraft-building enterprises by the processes will lead to the planning of the level of costs, identifying problem spots and determining unused reserves for the efficient management of the activities of enterprises in the aircraft-building industry in general.

scholarly journals Management of Innovative Costs of Public Administration Institutions

2019 ◽  
Vol 8 (3) ◽  
pp. 3173-3177
Keyword(s):  
Public Administration ◽  
Management System ◽  
Cost Management ◽  
Financial Resources ◽  
Innovation Cost ◽  
Innovation Project ◽  
Cost Management System ◽  
The Cost ◽  
Different Levels

The growth of costs for innovation, as well as the growing role of public administration institutions, makes us take a fresh look at the cost management system. The article discusses the key point of the innovation cost management system at different levels of administration. Public administration institutions contribute to the implementation of innovation in the framework of both its own economic strategy and taking into account the strategy of higher governing bodies. The interaction and cooperation of various management structures within the framework of the implementation of a single innovative project can create an excessive expenditure of financial resources, which is why the issue of competent management of innovative costs becomes so significant. On a specific innovation project, possible problems in the interaction of various public administration institutions are considered, when planning and implementing a joint innovation project.

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