Application of software for prediction and cost optimization
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27350%2F20%3A10248497" target="_blank" >RIV/61989100:27350/20:10248497 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Application of software for prediction and cost optimization
Original language description
In business practice, it is necessary to manage costs, because the amount of costs affects the amount of profit of the company. Businesses have variable and fixed costs. Fixed costs do not change with production volume and are therefore easier to predict and optimize correctly. In contrast, variable costs change with the volume of production, and it is therefore more difficult to predict and optimize them. Manufacturing companies must constantly monitor their variable costs. One way to predict and optimize a company's variable costs is to use software that monitors electricity consumption. The aim of this article is to define the possibility of applying the program to monitor energy consumption in the company. By applying the program in the company, it is possible to determine the energy consumption to individual consumption points, ie equipment and also to analyze the measured values to forecast the consumption of variable costs, electricity for the next period
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
N - Vyzkumna aktivita podporovana z neverejnych zdroju
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
IT for Practice 2020 : proceedings of the 23nd International Conference on Information Technology for Practice : December 3, 2020, Ostrava, Czech Republic
ISBN
978-80-248-4473-2
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
121-126
Publisher name
VŠB - Technical University of Ostrava
Place of publication
Ostrava
Event location
Ostrava
Event date
Dec 3, 2020
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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