Research on cost management system of distribution network construction projects based on data mining

2012 ◽  
Author(s):  
Shan Chen ◽  
Jia He
Keyword(s):  
Data Mining ◽  
Management System ◽  
Construction Projects ◽  
Cost Management ◽  
Distribution Network ◽  
Network Construction ◽  
Cost Management System

scholarly journals Improving the Cost Management System at a Construction Enterprise

2021 ◽  
Vol 3 (518) ◽  
pp. 225-231
Author(s):  
M. V. Volkova ◽  
◽  
A. B. Shved ◽  
Keyword(s):  
Management System ◽  
Financial Stability ◽  
Construction Projects ◽  
Cost Management ◽  
General System ◽  
Construction Enterprise ◽  
Managerial Decisions ◽  
Economic Entity ◽  
Cost Management System ◽  
The Cost

The article improves the cost management system of construction enterprise. It is specified that the process of managing costs at a construction enterprise depends on the efficiency of the existing general system of the organization management and the level of use of certain methods and instruments by which effective managerial decisions are made to ensure financial stability. A definition of a system of cost management of construction enterprise is provided, whereby the system of economic interests and management methods of directed influence on the interests of the economic entity in order to coordinate them with different groups of stakeholders to comply with the relevant proportions in the formation of costs is meant. It is noted that today, in the face of stiff competition in the construction industry of Ukraine and negative trends in the country’s economy related to the COVID-19 pandemic, solution to the issues of improving the cost management system should be based on the concept of strategic management, management in terms of special purpose self-cost, target-costing and kaizen-costing as means of achieving the specified construction enterprise costs. It is concluded that the improvement of the cost management system of construction enterprise is possible on the basis of making effective managerial decisions based on the use of scientifically based approaches to analyzing the cost structure, planning the level of costs, planning profits taking into account the amount of expenses made, along with implementation of an effective system of motivation of employees to control and reduce costs, etc. The proposed cost management system of construction enterprise will allow to organize and purposefully implement a policy of comprehensive reduction of the self-cost of construction products, rationally invest in modern construction projects, and implement the set strategic goals.

Development of IoT Enabled Low Cost Management System for m-Cardiology

2020 ◽  
Author(s):  
Devashish Sen ◽  
Rohini Srivastava ◽  
Nitin Sahai ◽  
R. P. Tewari ◽  
Basant Kumar
Keyword(s):  
Management System ◽  
Cost Management ◽  
Low Cost ◽  
Cost 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.

scholarly journals Accounting Provision of the Costs Management for the Production Quality

2020 ◽  
Vol 12 (515) ◽  
pp. 326-331
Author(s):  
O. T. Polishchuk ◽  
◽  
Y. O. Bernadska ◽  
Keyword(s):  
Management System ◽  
Quality Management System ◽  
Cost Management ◽  
Production Quality ◽  
Accounting System ◽  
Managerial Decision ◽  
Quality Costs ◽  
Costs Of Production ◽  
Cost Management System

The article is aimed at researching the essence of costs for the quality of production, their importance and necessity, the reliability of reflection in the accounting system, which will ensure the efficiency of managerial decision-making and the introduction of a cost management system at the enterprise, including in terms of costs for the production quality. Approaches to the essence of quality costs are analyzed, researches of scientists on the need for such costs in the cost management system of enterprise and the production quality management system are substantiated. Approaches to the feasibility of classification of quality costs on the basis of requests from the managers of different levels of management are considered, as well as the formation of their nomenclature and catalogue in terms of costs for quality provision and for the correction of rejects. The need to introduce a system of accounting for the production quality as an informational component of making effective managerial decisions is substantiated. The researchers’ proposals for displaying quality costs in the accounting system are examined. A generalized algorithm of the process of organization of accounting for costs of production quality is proposed, which provides for: setting tasks for accounting costs for quality; determination of objects of accounting and classification of such costs, methods of assessing the costs of production quality, system of accounts; development of a complex of documentary support. The components of each stage of this algorithm are substantiated. It is determined that the efficiency of the quality costs management system depends on reliable accounting and analytical provision at all stages of the economic process of their occurrence, accumulation, distribution and write-off.

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 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.

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