Service-Oriented Cost Allocation for Business Intelligence and Analytics

2017 ◽  
Vol 7 (2) ◽  
pp. 40-57 ◽  
Author(s):  
Raphael Grytz ◽  
Artus Krohn-Grimberghe
Keyword(s):  
Business Intelligence ◽  
Cost Estimation ◽  
Cost Allocation ◽  
Cost Evaluation ◽  
Allocation Model ◽  
Pricing Scheme ◽  
Service Portfolio ◽  
Service Oriented ◽  
The Cost ◽  
Cost Awareness

Quantifying and designing the cost pool generated by Business Intelligence and Analytics (BI&A) would improve cost transparency and invoicing processes, allowing a fairer, more exact allocation of costs to service consumers. Yet there is still no method for determining BI&A costs to provide a base for allocation purposes. While literature describes several methods for BI&A cost estimation on an ROI or resource-consumption level, none of these methods considers an overall approach for BI&A. To tackle this problem, the authors propose a service- oriented cost allocation model which calculates BI&A applications based on defined services, enabling a cost transfer to service consumers. This new approach specifies steps towards deriving a usable pricing scheme for an entire BI&A service portfolio – both for allocation purposes as well as improving cost evaluation of BI&A projects. Moreover, it increases customer understanding and cost awareness. Based on this approach, the authors introduce a BI&A value creation cycle which helps customers to use BI&A services cost-effectively.

scholarly journals Cost awareness of radiological studies among doctors at Universitas Academic Hospital in Bloemfontein, South Africa

2021 ◽  
Vol 25 (1) ◽  
Author(s):  
Khanyisa N. Mrwetyana ◽  
Jacques Janse van Rensburg ◽  
Gina Joubert
Keyword(s):  
South Africa ◽  
Cost Estimation ◽  
Academic Hospital ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Significant Difference ◽  
Education Training ◽  
The Cost ◽  
Cost Awareness ◽  
Radiological Studies

Background: South Africa has high healthcare expenses. Improving cost-consciousness could decrease government expenditure on healthcare.Objectives: To determine cost awareness of radiological studies among doctors at a tertiary hospital. The objective was met by assessing the accuracy of cost estimation according to the level of training and speciality, whether participants had received prior education/training related to cost awareness and if they had a desire to learn more about the cost of radiological imaging.Method: A cross-sectional survey was conducted in six clinical departments at Universitas Academic Hospital using an anonymous questionnaire that determined doctors’ cost awareness of five radiological studies. Each radiological study was answered using six different cost ranges, with one correct option. Costs were based on the Department of Health’s 2019 Uniform Patients Fee Schedule (UPFS).Results: In total, 131 (67.2%) of 195 questionnaires distributed to registrars and consultants were returned. Overall, low accuracy of cost estimation was observed, with 45.2% of the participants choosing only incorrect options. No participant estimated all five costs correctly. Only the Internal Medicine clinicians demonstrated a significant difference between registrars and consultants for the number of correct answers (median 0 and 1, respectively) (p = 0.04). No significant differences were found between specialities stratified by registrars/consultants. Most participants (88.6%) would like to learn about imaging costs. Only 2.3% of the participants had received prior education/training related to cost awareness of radiological studies.Conclusion: Doctors were consistently inaccurate in estimating the cost of radiological studies. Educating doctors about the cost of radiological imaging could have a positive effect on healthcare expenditure.

Business Intelligence is No ‘Free Lunch'

2018 ◽  
Vol 9 (1) ◽  
pp. 1-15
Author(s):  
Johannes Epple ◽  
Robert Winter ◽  
Stefan Bischoff ◽  
Stephan Aier
Keyword(s):  
Business Intelligence ◽  
Cost Allocation ◽  
Scientific Literature ◽  
State Of The Art ◽  
Future Research ◽  
Free Lunch ◽  
Cost Transparency ◽  
Cost Allocations ◽  
Cost Awareness ◽  
No Free Lunch

Cost allocations for business intelligence (BI) costs create cost awareness, enhance cost transparency, and support the management of BI systems. Although BI cost allocation is highly relevant in practice, the field is widely uncharted in current scholarly research. In this article, the state of the art in scientific literature is analyzed. The review is comprised of three iterations. It shows that certain general approaches for information systems cost allocation are suitable candidates if being combined and tailored to BI systems. Based on synthesis, an agenda is derived for future research into cost allocation for BI systems.

scholarly journals Total educational costs of an integrated nursing curriculum

2009 ◽  
Vol 17 (1) ◽  
pp. 14-20 ◽  
Author(s):  
Maria Cristina Cescatto Bobroff ◽  
Pedro A. Gordan ◽  
Mara Lúcia Garanhani
Keyword(s):  
Data Collection ◽  
Cost Estimation ◽  
Model Development ◽  
Cost Evaluation ◽  
Nursing Curriculum ◽  
Undergraduate Nursing ◽  
Support Costs ◽  
Development Data ◽  
The Cost ◽  
Educational Costs

Innovative changes in undergraduate Nursing programs have brought about new methodologies and the need for cost evaluation. This study aims to develop a model for cost estimation, and to estimate educational costs of an integrated Nursing curriculum at a public university. This is a case study conducted in stages: model development, data collection, analysis and interpretation. The cost-construction model consisted of six steps: data collection; educational and support activity costs; four-year course educational costs; educational support costs; joint product costs and total educational costs. Findings showed a total educational cost per student/year US$ 3,788.82. Course team faculty included 97 members. The cost analysis in faculty contact hours is the most appropriate cost unit as it most consistently reflects faculty time devoted to teaching. The knowledge about educational costs provided information that may be useful for a different approach to the integrated curriculum management, with a view to putting its educational objectives in practice.

scholarly journals ALLOCATION OF SECONDARY COSTS BY USING THE MATRIX FUNCTIONS OF SPREADSHEET PROGRAMS

2019 ◽  
Author(s):  
Lazar Radovanović ◽  
Irina Glotina ◽  
Teodor Petrović
Keyword(s):  
Cost Allocation ◽  
Direct Method ◽  
Linear Equations ◽  
Matrix Functions ◽  
Step Method ◽  
Allocation Model ◽  
The Matrix ◽  
The Cost ◽  
Starting Model ◽  
Correct Data

The paper describes and applies the method of linear equations, by using the matrixfunctions of spreadsheet programs, for the secondary cost allocation of fullyconditionedauxiliary cost centers. The aim of the paper is to demonstrate the possibilityof using matrix functions for cost allocation. A model has been formed based on thedata from a specific company, that has auxiliary, main and non-productive cost centers.The linear equations method is used to solve the problem of secondary cost allocation,by applying the corresponding matrix functions of a spreadsheet program.The goal of cost allocation of auxiliary cost centers to main cost centers, and later to thecost holders, is to calculate the exact cost, that is, the cost of products and services.The method of linear equations was chosen because a new model can be formed basedon the starting model, by changing the number of cost centers.This cost allocation model should encourage accountants and company management touse the more exact method of cost allocation instead of the simple direct method orcomplex step method. Matrix functions facilitate the method of linear equations,because they are quite simple to apply in models that can be easily adapted and appliedin practice later on.It has been concluded that this method can be easily described and applied, and theobtained results, with the correct data input and use of matrix functions, givecompletely accurate results, unlike other cost allocation methods.

scholarly journals Improved Cost Management at Small and Medium Sized Road Transport Companies: Case Hungary

2015 ◽  
Vol 27 (5) ◽  
pp. 417-428 ◽  
Author(s):  
Zoltan Bokor ◽  
Rita Markovits-Somogyi
Keyword(s):  
Cost Allocation ◽  
Cost Management ◽  
Road Transport ◽  
Freight Transport ◽  
Cost Calculation ◽  
Allocation Model ◽  
Service Portfolio ◽  
Road Freight ◽  
Traditional Costing ◽  
Heterogeneous Service

Small and medium sized road freight transport companies located in Hungary are facing strong competition on the logistics market. An advanced cost management system supporting decisions on capacity allocations or pricing may be a competitive advantage for them and indirectly for the whole economy as well. Still, they generally apply simple, traditional cost calculation regimes, potentially sufficient in case of a homogeneous service portfolio. Nevertheless, road haulage companies with heterogeneous service structures may witness information distortions when using traditional costing methods. So it might be recommended for them to introduce better costing principles. To support an improved transport costing, a multi-level full cost allocation model has been set up and tested in this paper. The research results have pointed out that such a methodological development accompanied by the extension of the data collection mechanism can contribute to making the cost management systems of road freight transport companies more effective.

scholarly journals Cost Allocation Model for Net-Zero Energy Buildings under Community-Based Reward Penalty Mechanism

2019 ◽  
Vol 23 (3) ◽  
pp. 293-307
Author(s):  
Zhijia Huang ◽  
Yang Zhang ◽  
Yuehong Lu ◽  
Wei Wang ◽  
Demin Chen ◽  
...  
Keyword(s):  
Financial Incentives ◽  
Cost Allocation ◽  
Zero Energy ◽  
Allocation Model ◽  
Zero Energy Building ◽  
Net Zero Energy ◽  
Net Zero ◽  
The Cost ◽  
Net Zero Energy Buildings ◽  
Zero Energy Buildings

Abstract The introduction of financial incentives for net-zero energy building/community (ZEB/ZEC) is a potential strategy that facilitates the development of sustainable buildings. In this study, a reward-penalty mechanism (RPM) is firstly proposed for a community that aims to achieve the target of annual zero energy balance. In order to investigate the cost allocated for each building in the community, a cost allocation model by considering the load of these buildings and the levels of zero energy building achieved is further proposed, based on which four typical types of the model is selected and investigated. The economic performance of a building under the four types of allocation model is then compared for a community that consists of 20 family houses in Ireland. By considering the possible ZEB level ranges in each building, two Cases are conducted (Case 1 – the range is between 0.0 and 1.0; Case 2 – the range is between 0.5 and 1.0). The results show that the 1st model is the simplest one that allocates cost evenly. By contrast, the cost of a building depends on its load in the 2nd model and depends on the ZEB level it achieved in the 3rd model, while it considers the two factors evenly in the 4th model. The proposed cost allocation model is expected to provide a basic guide for the designers of financial incentives as well as experts in the fields of net-zero energy buildings.

Consolidation in Urban Freight Transportation — Cost Allocation Models

2018 ◽  
Vol 35 (04) ◽  
pp. 1850023
Author(s):  
Joen Dahlberg ◽  
Stefan Engevall ◽  
Maud Göthe-Lundgren
Keyword(s):  
Traffic Congestion ◽  
Cost Allocation ◽  
Freight Transportation ◽  
Transportation Cost ◽  
Allocation Model ◽  
Urban Freight ◽  
Urban Freight Transportation ◽  
The Cost ◽  
Flow Improvement

In this paper, the focus is on the role of the municipality, as an enabler of a collaboration between freight forwarders and the municipality in which the consolidation of goods is considered as a means for goods flow improvement in urban freight transportation. We present a cost allocation model that is based on solution concepts from cooperative game theory, for allocating the operational costs associated with the collaboration. It is assumed that the municipality is willing to carry some cost to ensure a stable collaboration for the potential benefits received, e.g., reduced traffic congestion in the city. The model is applied to some illustrative examples, and the cost allocation results are discussed. It is shown that the role of the municipality may be decisive in achieving a stable collaboration between the freight forwarders, and further that the municipality does not necessarily need to contribute to covering the costs.

An online cost allocation model for horizontal supply chains

2021 ◽  
Vol 122 ◽  
pp. 102888
Author(s):  
Han Zou ◽  
Maged M. Dessouky ◽  
Shichun Hu
Keyword(s):  
Supply Chains ◽  
Cost Allocation ◽  
Allocation Model

Developing the adaptive process-based budgeting through TD-ABC and TD-ABB as part of strategic management accounting

2020 ◽  
Vol 23 (10) ◽  
pp. 1182-1194
Author(s):  
A.A. Akhmetzyanov ◽  
A.Yu. Sokolov
Keyword(s):  
Strategic Management ◽  
Cost Allocation ◽  
Management Accounting ◽  
Practical Significance ◽  
Common Time ◽  
Strategic Management Accounting ◽  
Scientific Papers ◽  
The Subject ◽  
The Common ◽  
The Cost

Subject. The article focuses on the advanced time-driven tools for allocating overhead expenses, which are based on process-based budgeting. Objectives. We articulate a technique for cost allocation so as to assess the cost of each process with reference to the common time driver. Methods. The study relies upon methods of systematization, classification, analogy and comparison, and summarizes the scientific literature on the subject. Results. The article presents our own suggestions on implementing TD-ABC and TD-ABB into the strategic management accounting process of developer companies. The principles were proved to help more effectively allocate overhead expenses and assess the capacity load of each process performed by functions, departments and employees. Carrying out a comparative analysis, we found certain reserves for utilizing resources more effectively. Conclusions and Relevance. The findings are of scientific and practical significance and can be used by developer and construction businesses. The conclusions can prove helpful for scientific papers, student books, and further research.

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