Ownership structure in franchising: the effects of transaction costs, production costs and strategic considerations

1996 ◽  
Vol 6 (1) ◽  
pp. 53-75 ◽  
Author(s):  
Shirish P. Dant
Keyword(s):  
Transaction Costs ◽  
Ownership Structure ◽  
Production Costs

scholarly journals DIGITAL TRANSFORMATION OF THE RUSSIAN ECONOMY AND ALIGNMENT OF ECONOMIC INTERESTS

2021 ◽  
Vol 230 (4) ◽  
pp. 410-416
Author(s):  
N.V. RASSKAZOVA ◽  
Keyword(s):  
Economic Growth ◽  
Transaction Costs ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Production Costs ◽  
Economic Interests ◽  
Digital Platforms ◽  
Russian Economy ◽  
Reproduction Process

The problems of the digital economy development are central, since the introduction of digital technologies in the reproduction process provides for increased efficiency and reduced production costs. This fact encourages the development of digital platforms and mechanisms that allow to accelerate the process of interaction between different actors and reduce the transaction costs of coordinating economic interests at the micro and macro levels, which will eventually lead to economic growth. In this regard, the problem of digitalization of the Russian economy and its branches is relevant.

Research on Model of Division of Tender of Engineering: A Minimization Cost Perspective

2013 ◽  
Vol 357-360 ◽  
pp. 2584-2589
Author(s):  
Ling Yan ◽  
Qiong Sun
Keyword(s):  
Transaction Costs ◽  
Production Costs ◽  
Real Case ◽  
Project Cost ◽  
Division Process ◽  
Engineering Projects

With the implementation of engineering projects, essentially, the owner expects to make handsome profits at the lowest cost. From the perspective of project cost, the study try to analyze production costs and transaction costs on tenders division process, then to establish different project cost metering model of tenders division. At the last, the study applies the model to a real case to test it.

scholarly journals Transaction costs and corporate governance of sugar mills in Indonesia

2008 ◽  
Vol 6 (2) ◽  
pp. 283-297
Author(s):  
Ahmad Erani Yustika
Keyword(s):  
Corporate Governance ◽  
Transaction Costs ◽  
Agricultural Sector ◽  
Corporate Strategy ◽  
Transaction Cost Economics ◽  
Sugar Industry ◽  
Production Costs ◽  
Sugar Mill ◽  
Land Preparation ◽  
Sugar Mills

The sugar industry remains a priority for development in the Indonesian agricultural sector, especially in East Java. However, the performance of the sugar industry in East Java during the two last decades has declined, which is shown in the decreasing volume of production. This study utilized the analysis of transaction cost economics to identify the problems of the sugar mills in East Java – Indonesia. This research compares the transaction costs between state-owned (Ngadiredjo) and privately-owned (Kebon Agung) sugar mills. The study shows that in Kebon Agung Sugar Mill transaction costs are higher than production costs, while in Ngadiredjo Sugar Mill the reverse is true. However, the high transaction costs in Kebon Agung Sugar Mill cannot be attributed directly to inefficient institutions, because Ngadiredjo Sugar Mill incurred high costs for plants, land preparation, and fertilizer, which decreased the proportion of transaction costs. If analyzed in detail, the following facts are revealed: (i) market transaction costs in Kebon Agung Sugar Mill are higher than in Ngadiredjo Sugar Mill. This is because Kebon Agung Sugar Mill has established cooperation with sugarcane farmers in the form of extensions and transport subsidies; and (ii) the political transaction costs proportion in Ngadiredjo Sugar Mill is higher than in Kebon Agung Sugar Mill because of the imposition of many ‘illegal’ fees. There should be management (corporate) reform of sugar mills, both internal and external. Internally, sugar mill management must apply good corporate governance that guarantees the transparency and control of every activity. Nowadays, there is no controlling unit in sugar mill management that supervises corporate activity, so that it is susceptible to manipulation and mark-up. Externally, the relationship between sugar mill management (CEO) and the Board of Directors should be reformulated so that sugar mill management has wide authority to make corporate strategy decisions. Centralization of authority in holding firm (PTPN/PT. RNI) has caused high transaction costs as a result of the long hierarchy in decision-making.

Life Cycle Costing for Sustainability

2016 ◽  
pp. 96-107 ◽  
Author(s):  
Mustafa Üç ◽  
Cemal Elitaş
Keyword(s):  
Life Cycle ◽  
Research And Development ◽  
Transaction Costs ◽  
Life Cycle Costing ◽  
Production Costs ◽  
Three Dimensions ◽  
Maintenance Costs ◽  
User Costs ◽  
Development Costs ◽  
Definitions Of Life

Life cycle costing supports sustainability by stressing the costs not only in the production and selling phases but also considering the costs which are incurred after the sale of the products. This chapter reveals main characteristics of life cycle costing as follows: Life cycle costing also includes production costs which are; (a) research and development costs, (b) marketing, selling, distribution and design costs, (c) and also user costs. User costs have three dimensions: transaction costs, maintenance costs, and disposal costs. Therefore one can simply assert that life cycle costing has a broader approach in the calculation of the costs compared to other conventional costing systems. After introducing the main characteristics and basic definitions of life cycle costing, this chapter will discuss the implementation of life cycle costing in comparison with other conventional costing systems. Following this, we will analyze the link between life cycle costing, waste management and sustainability. Overall review will be done in the conclusion.

Life Cycle Costing for Sustainability

2020 ◽  
pp. 1138-1149
Author(s):  
Mustafa Üç ◽  
Cemal Elitaş
Keyword(s):  
Life Cycle ◽  
Research And Development ◽  
Transaction Costs ◽  
Life Cycle Costing ◽  
Production Costs ◽  
Three Dimensions ◽  
Maintenance Costs ◽  
User Costs ◽  
Development Costs ◽  
Definitions Of Life

Life cycle costing supports sustainability by stressing the costs not only in the production and selling phases but also considering the costs which are incurred after the sale of the products. This chapter reveals main characteristics of life cycle costing as follows: Life cycle costing also includes production costs which are; (a) research and development costs, (b) marketing, selling, distribution and design costs, (c) and also user costs. User costs have three dimensions: transaction costs, maintenance costs, and disposal costs. Therefore one can simply assert that life cycle costing has a broader approach in the calculation of the costs compared to other conventional costing systems. After introducing the main characteristics and basic definitions of life cycle costing, this chapter will discuss the implementation of life cycle costing in comparison with other conventional costing systems. Following this, we will analyze the link between life cycle costing, waste management and sustainability. Overall review will be done in the conclusion.

A COMPARATIVE STUDY BETWEEN CHINA AND USA ON THE INFLUENCING PATH OF TRANSACTION COSTS IN CONSTRUCTION PROJECTS

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Huimin Li ◽  
Chengyi Zhang
Keyword(s):  
Project Management ◽  
Transaction Costs ◽  
Structural Equation ◽  
Construction Projects ◽  
Construction Project ◽  
Production Costs ◽  
Equation Modeling ◽  
The Core ◽  
Management Efficiency ◽  
Core Construct

The actual cost of a construction project is composed of not only production costs, but also transaction costs. The presented model includes the uncertainty of the owner’s behavior, the uncertainty of the contractor’s behavior, the uncertainty in the transaction environment and mechanism, and project management efficiency, to illustrate the influence path of the transaction costs borne by the owner. The model is tested by the structural equation modeling (SEM) using the data collected from construction project owners. The finding indicate that uncertainty in the transaction environment and mechanism appears to be the core construct of the model due to its strong linkages with transaction costs and the owner’s behavior, the contractor’s behavior, and project management efficiency. The uncertainty of the contractor’s behavior is also found to affect project management efficiency positively. A certainty behavior on the part of the owner reduces the uncertainty in the transaction environment and mechanism, increases the efficiency of project management, and reduces the transaction costs of construction project.

scholarly journals ANALISIS BIAYA TRANSAKSI USAHATANI PADI DI KECAMATAN BANGKINANG KABUPATEN KAMPAR

2021 ◽  
Vol 35 (2) ◽  
pp. 85-92
Author(s):  
Ilma Satriana Dewi ◽  
Septina Elida ◽  
Dini Amalia Putri
Keyword(s):  
Transaction Costs ◽  
Transaction Cost ◽  
Production Costs ◽  
Rice Farming ◽  
Information Costs ◽  
The People ◽  
Coordination Costs ◽  
Implementation Costs ◽  
Quantitative Descriptive ◽  
Almost All

The rice plant is one of the agricultural products and is a major food for almost all the people of Indonesia. Farming capital is the production cost that will be spent by farmers during the production process. However, in addition to production costs, there are other costs unwittingly incurred by farmers which are also related to their farming activities. These costs are known as transaction costs. The purpose of this study was to analyze components and total transaction costs and the effect of transaction costs on economic efficiency of rice farming. The data were analyzed using descriptive qualitative and quantitative descriptive approaches. Transaction cost was analyzed by using transaction cost analysis. The results showed that the components of rice farming transaction costs along with their ratio consisting of information costs (0,05), negotiation costs (0,02), coordination costs (0,79), implementation costs (0,03), risk costs (0,08) and transportation costs (0,03). The effect of transaction costs on revenue was seen from the ratio value which wais equal to 0,009. Meanwhile, the factors that significantly affect transaction costs were farming experience and subscription.

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