publication . Article . 2013

An ABC analysis for power generation project

Batool Hasani; Younos Vakilalroaia;
Open Access
  • Published: 01 Jul 2013 Journal: Management Science Letters, volume 3, pages 1,943-1,948 (issn: 1923-9335, eissn: 1923-9343, Copyright policy)
  • Publisher: Growing Science
Abstract
Article history: Received February 12, 2013 Received in revised format 10 May 2013 Accepted 12 May 2013 Available online May 28 2013 One of the primary concerns on performance measurement is to know how much a particular project cost. However, using traditional method on project-based products often leads to inappropriate results. In this paper, we re-examine this issue by comparing the cost of a power station construction project using ABC versus traditional method. The results of survey show that ABC method is capable of providing better estimates for overhead costs compared with traditional method. In other words, ABC method helps reduce some of the unnecessa...
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Subjects
free text keywords: Power station construction, Reliability engineering, Operations management, ABC analysis, Performance measurement, Overhead (business), Know-how, Total cost, Power station, Electricity generation, Cost accounting, Computer science, lcsh:Business records management, lcsh:HF5735-5746
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