scholarly journals Enhancement of Time-Driven Activity–Based Costing (TDABC) by using Simulation in Manufacturing Process towards Industry 4.0

2019 ◽  
Vol 8 (10) ◽  
pp. 1895-1900 ◽  
Keyword(s):  
Simulation Model ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Model Simulation ◽  
Conventional Technique ◽  
Cost Driver ◽  
Production Costs ◽  
Activity Based Costing ◽  
Automotive Manufacturing ◽  
Costing System

The new industrial revolution brings changes to organizations that will need to adapt their system to sustain their business in a highly competitive market. In term of costing, most manufacturers continuously working towards reducing production costs by focusing on activities process improvement and resources as a cost driver. One of the current problems faced by most manufacturers that adopted Time-Driven Activity-Based Costing (TDABC) is lack of combined used of simulation as a tool for validation. Conventional technique also caused users estimated incorrect variables consideration to the costing system. The purpose of this paper is to provide a system for managers or decision makers to analyze results which can significantly reduce production costs by eliminating unnecessary resources with the aid of a simulation model. Simulation was proposed as new approach to determine the optimum results based on the given scenarios. An analysis on how the framework was implemented at an automotive manufacturing company was illustrated the enhancement of TDABC by using simulation. Results of conventional method using Activity Based Costing (ABC) was compared with TDABC where existing production layouts and parameters were maintained. Simulation model was created based on current situation and the results were compared to the old method. The results indicated that simulation can easily be adapted to support the planned and operational TDABC activities. Towards industry 4.0 it was proven that simulation is one of the key technologies in the new industrial revolution. Besides that, TDABC methodology in this research is more accurate and faster, by means of an enhanced decision-making process and supported organization manufacturing system.

scholarly journals PENERAPAN METODE ACTIVITY BASED COSTING DALAM PENENTUAN HARGA POKOK PRODUKSI PADA PT. SARIMELATI KENCANA (PIZZA HUT MANADO TOWN SQUARE)

2013 ◽  
Vol 8 (3) ◽  
Author(s):  
Stephany Ch. Pelleng ◽  
Herman Karamoy ◽  
Victorina Tirajoh
Keyword(s):  
Quantitative Data ◽  
Cost Driver ◽  
Production Costs ◽  
Activity Based Costing ◽  
Traditional System ◽  
Pricing Process ◽  
Costing System ◽  
The Right ◽  
The Cost ◽  
Pizza Hut

Nowadays, every company has to have a right and efficient way to know their own pricing process. The better the company count it, the better it would be to compete in the market because the right method or system will decrease the cost and increase the profit. Activity Based Costing System is a method of calculating the cost of goods manufactured based on activities in a company using more cost driver, so it can calculate more accurate. This method is expected to be applied to the PT. Sarimelati Kencana who still using the traditional system for calculating the cost of goods manufactured. This research has a purpose to know the cost of goods manufactured in the company using activity based costing system. There are qualitative and quantitative data on this project. Qualitative data for company profile and quantitative data for production costs. This is descriptive research and the result shows that the pricing process using ABC method give overcost condition for pizza hut personal and undercost condition for pizza hut regular and large.

scholarly journals Green Activity-Based Costing Production Planning and Scenario Analysis for the Aluminum-Alloy Wheel Industry under Industry 4.0

2019 ◽  
Vol 11 (3) ◽  
pp. 756 ◽  
Author(s):  
Wen-Hsien Tsai ◽  
Po-Yuan Chu ◽  
Hsiu-Li Lee
Keyword(s):  
Aluminum Alloy ◽  
Production Planning ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Carbon Tax ◽  
Production Costs ◽  
Fourth Generation ◽  
Activity Based Costing ◽  
Material Cost ◽  
Alloy Wheel

The industrial revolution has grown to the fourth generation, or so-called Industry 4.0. The literature on Industry 4.0 is quite extensive and involves many different dimensions; however, production costs under Industry 4.0 have seldom been discussed. On the other hand, environmental problems are increasingly serious nowadays. Activity-Based Costing is a mature accounting method that can easily trace direct and indirect product costs, based on activities, as well as trace the carbon tax to products, which may lead to different product combinations, in order to reduce environment problems. Thus, the purpose of this paper is to propose a green activity-based costing production planning model under Industry 4.0. In order to make the paper more realistic, we suggest three models with five possible scenarios: normal and material cost fluctuation, material cost discount, and carbon tax with the related cost function. The Aluminum-Alloy Wheel industry was chosen as the illustrative industry to present the results. The model provides managers with a way to deal with the cost problem under Industry 4.0 and to be able to handle the environmental issues in making production decisions. This paper also provides suggestions for governments that have not considered carbon taxation.

scholarly journals Manajemen Biaya untuk Meningkatkan Ketepatan Penghitungan Biaya melalui Biaya Berbasis Aktivitas

2018 ◽  
Vol 7 (2) ◽  
pp. 125
Author(s):  
Agung Listiadi
Keyword(s):  
Cost Driver ◽  
Management Systems ◽  
Activity Based Costing ◽  
High Quality ◽  
Overhead Cost ◽  
Consumption Cost ◽  
Costing System ◽  
Major Factors ◽  
The Cost ◽  
Selection Of

Cost is an important factor in ensuring the company win in the competition on the market. Consumers will choose a manufacturer that is able to produce products and services that have high quality with low prices. Costs of Management Systems Contemporary emphasis on search than the allocation. And management based activities are at the heart of contemporary operating control system. At least two major factors that must be considered in the selection of cost driver (cost driver) are: the cost of measurement and the degree of correlation between the consumption cost driver with the actual overhead. Cost driver is divided into two categories, namely the structural cost driver and executional cost driver. Cost driver is the basis used to charge collected on cost pool to the product. So that the calculation of the cost through Time Driven activity-based costing system, the company obtain more precise information and accurate.

Activity-Based Costing System for a Small Manufacturing Company

2011 ◽  
pp. 1-19 ◽  
Author(s):  
Arkadiusz Januszewski
Keyword(s):  
Integrated Circuits ◽  
Production Costs ◽  
Cost Calculation ◽  
Activity Based Costing ◽  
False Information ◽  
Direct Production ◽  
Costing System ◽  
The Right ◽  
The Cost ◽  
Selection Of

The selection of the right cost calculation method is of critical importance when it comes to determining the real product profitability (as well as clients and other calculation objects). Traditional cost calculation methods often provide false information. The literature offers many examples of big companies that have given up traditional methods and applied a new method: activity-based costing (ABC). They discovered that many products that are manufactured generate losses and not profits. Managers, based on incorrect calculations, mistakenly believed in the profitability of each product. Turney (1991) reports on an example of an American manufacturer of over 4,000 different integrated circuits. The cost calculation with the allocation of direct production costs as machinery-hour markup demonstrated a profit margin of over 26% for each product. Implementing ABC showed that the production of more than half of the products was not profitable, and having factored in additional sales and management costs (which accounted for about 40% of the total costs), it was as much as over 75%.

scholarly journals Implementation of an Activity Based Costing System (ABC)

2018 ◽  
Vol 4 (2) ◽  
pp. 51-62
Author(s):  
L.O. Rodríguez Manay ◽  
I. Guaita ◽  
I. Marqués
Keyword(s):  
Special Reference ◽  
Agricultural Sector ◽  
Cost Model ◽  
Cost Accounting ◽  
Service Industries ◽  
Production Costs ◽  
Activity Based Costing ◽  
Model Based ◽  
Primary Sector ◽  
Costing System

Research has been presented on the application of activity-based cost (ABC) in the manufacturing and service industries in the agricultural sector, which examines recent advances in cost accounting methods with special reference to the application of cost based in methodological activities in the primary sector. Accordingly, this document proposes using a transparent, flexible, easy to apply and understand cost model; based on activities to calculate and manage production costs in companies.

scholarly journals INDUSTRY 4.0 and TURKEY

2019 ◽  
Vol 7 (1) ◽  
pp. 24-41
Author(s):  
Esra YAŞAR ◽  
Tuba ULUSOY
Keyword(s):  
Product Quality ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Production Costs ◽  
International Competition ◽  
Smart Factory ◽  
Fourth Industrial Revolution ◽  
Survey Technique ◽  
The World

  In 2011, Germany kicked off the Fourth Industrial Revolution (Industry 4.0) to empower its economy. Since then, revolutionary changes have been implemented all over the world, increasing international competition. Smart-factory capabilities emerging from Industry 4.0 have many benefits such as lowering production costs of existing factories and increasing product quality. However, with such revolutionary changes, an orientation period is required for any implementer. To efficiently manage such an orientation period, the extant situation must first be analyzed. Only then should the necessary changes and innovations be applied. In this study, Turkey’s Industry 4.0 adoption opportunities are evaluated by using a survey technique that analyzes extant situations and potential results.

Augmented Reality in the Context of Automotive Manufacturing

2020 ◽  
pp. 95-110
Author(s):  
Gisela Pires Garcia
Keyword(s):  
Virtual Reality ◽  
Augmented Reality ◽  
Internet Of Things ◽  
Industry 4.0 ◽  
Large Scale ◽  
Industrial Revolution ◽  
Shop Floor ◽  
New Work ◽  
Automotive Manufacturing ◽  
Digital World

The 4th industrial revolution based on the digitization of industrial processes, on the connection of the equipment between them, and on new interfaces with the humans, will require new work contexts and new organizations (Cyber-Physical System and Internet of Things). Virtual Reality (VR) and Augmented Reality (AR) will contribute in a large scale for the automotive industry transition to the Industry 4.0 paradigm. This chapter provides an overview of these versatile technologies in the context of industrial production, where these technologies will allow the real world of the shop floor to merge with a digital world of simulations, predictions, and automation.

scholarly journals Pendekatan Manajemen Biaya Untuk Meningkatkan Ketepatan Penghitungan Biaya Melalui Time Driven Activity Based Costing System

2018 ◽  
Vol 1 (2) ◽  
pp. 158
Author(s):  
AGUNG LISTIADI
Keyword(s):  
Management System ◽  
Cost Driver ◽  
Primary Factor ◽  
Activity Based Costing ◽  
System Operation ◽  
High Quality ◽  
Precise Information ◽  
Costing System ◽  
Pass Through

Expense represent important factor in company and emulation in market. Consumer wil chosen producer capable to yield service and product owning high quality at the price of cheap. Management system of the Expanse of emphasizing at disclosure compared to alocation. And Management persuant to ctivity is heart of system operation of contemporaary operation. At least there is two primary factor which mus to be paid attention in location of tricker of expanse of (drifer cost) this is: expanse of correlation storey; level and measurement between driver cost with cunsumption of overhead real. Dreiver cost divided into two category, that is structural of cost driver and Cost driver executional represent base used to burden the expanse of which is gathered at pool cost to So that with calculation of expanse pass/through Time Driven costing activity-based, company obtain; get more accurate and precise information.

scholarly journals Industry 4.0: Challenges and Opportunities for the Labor Market

2021 ◽  
Vol 82 (2) ◽  
pp. 36-44
Author(s):  
S. Bespalyy ◽  
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
18Th Century ◽  
Low Cost ◽  
The Elderly ◽  
Production Costs ◽  
Structural Problems ◽  
The Impact

Main problem: In the 18th century, when industrial production began, the use of steam and mechanized production caused major changes in the economy. As a result, production costs decreased along with an increase in the quantity and quality of products. During this period, production underwent a revolutionary transition from manual labor to mechanization. The potential impact of Industry 4.0 on labor markets remains an under-explored scientific field. It is estimated that Industry 4.0 will lead to unemployment by changing the employment structure and will bring new structural problems in terms of unemployment and labor relations. Purpose: The purpose of the study was to establish the impact of Industry 4.0 on the labor market and identify the consequences of the impact. Methods: studied, the evolution of production development, when mass production with electricity led to the Age of Industry 2.0, and then the emergence of the digital revolution, the use of electronics and information technology in production processes, marked the beginning of the Age of Industry 3.0. It is expected, according to international experts, scientists, that automation and robotic production will have a serious impact on the unskilled workforce and cause a critical reduction in the labor force of vulnerable sectors of society, that is, women, migrants, youth and the elderly. Results and their significance: This study assessed the possible impact of the fourth industrial revolution on labor markets. Through a literature review and analysis of emerging trends in Industry 4.0, the risks, opportunities and challenges of the process are explored in a comparative perspective. It has been established that countries must correctly perceive the transformation of labor markets and take appropriate measures. Otherwise, the applied labor-based low-cost industrialization model will lose its comparative advantage.

scholarly journals PENERAPAN ACTIVITY BASED COSTING SYSTEM SEBAGAI DASAR PENETAPAN TARIF JASA RAWAT INAP PADA RUMAH SAKIT ROEMANI MUHAMMADIYAH SEMARANG

MAKSIMUM ◽  
2016 ◽  
Vol 3 (2) ◽  
pp. 1
Author(s):  
Mohammad Afifudin ◽  
R. Ery Wibowo Agung S
Keyword(s):  
Comparative Analysis ◽  
Community Service ◽  
Cost Driver ◽  
Activity Based Costing ◽  
Hospitalization Rates ◽  
Costing System ◽  
Class Iib ◽  
The Cost ◽  
Descriptive Method

The purpose of this study was to gain knowledge about the determination of rates of hospitalization services using activity based costing, can be used as reference in setting tariffs inpatient services at Rumah Sakit Roemani Muhammadiyah Semarang and as means comparison with the rates of hospitalization for this set, as well as being one of that input provide information about activity based costing, especially in its application to a hospital that is the main orientation of community service. The method of analysis used descriptive method is to use the comparative analysis of the current hospital rates, set the cost method is based on activity based costing, and then compare the hospitalization rates based on activity based costing with its realization. The results showed that the calculation of hospitalization rates by using activity based costing, when compared with the rates used by the hospital activity based costing provides greater results for Class, IIB, PICU, dan BBRT and yields smallaer for class UTAMA, IA, IB,II, IIA, III dan R.BAYI. This is because the overhead loading on each product. On activity based costing, overhead costs for each product are charged to costs a lot of drivers. So that the activity based costing, has been able to allocate the cost of the activity room kesetiap appropriately based on the consumsion of aech activity.Keywords: activity based costing and cost driver.

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