THE APPLICATION OF MODERN METHODS OF CALCULATION IN FOUNDRY PRODUCTION
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27360%2F21%3A10249499" target="_blank" >RIV/61989100:27360/21:10249499 - isvavai.cz</a>
Result on the web
<a href="https://www.confer.cz/metal/2021/read/4285-the-application-of-modern-calculation-methods-in-foundry-production.pdf" target="_blank" >https://www.confer.cz/metal/2021/read/4285-the-application-of-modern-calculation-methods-in-foundry-production.pdf</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.37904/metal.2021.4285" target="_blank" >10.37904/metal.2021.4285</a>
Alternative languages
Result language
angličtina
Original language name
THE APPLICATION OF MODERN METHODS OF CALCULATION IN FOUNDRY PRODUCTION
Original language description
The current business environment is characterized by the constantly changing needs and wishes of customers, technological progress and growing competition. A company which wants to maintain its position on the market must actively work to maintain and increase its competitiveness. A key method of gaining a sustainable competitive advantage is through effective cost management. The basic pillar of cost management is extensive data collection and continuous optimization of established systems through modern management methods. Development of the business environment has caused change in the structure of manufacturing processes and the scope of overhead activities, which have been reflected in an increased differentiation of overhead costs. The complexity of the relationships and causes of costs is becoming so significant that traditional costing methods do not provide sufficient information, creating the need to seek a more sophisticated costing system. The Activity-Based Costing method calculates costs according to activity. The principle of calculation is the allocation of overhead costs to individual defined activities, through which they are assigned to cost objects on the basis of a causal relationship between the economic resource and the cost object. The paper presents modern cost management tools with a focus on the Activity-Based Costing (ABC) calculation method and its application in the field of foundry production. The aim of the paper is to present the implementation of the ABC method through a case study in a selected industrial enterprise and to emphasize its further important role in the management of activities implemented in the enterprise and for the restructuring of company processes and activities. (C) 2021 TANGER Ltd., Ostrava.
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
50204 - Business and management
Result continuities
Project
<a href="/en/project/EF17_049%2F0008399" target="_blank" >EF17_049/0008399: Development of inter-sector cooperation of RMSTC with the application sphere in the field of advanced research and innovations of classical metal materials and technologies using modelling methods</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach
Others
Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
METAL 2021 : conference proceedings : 30th Anniversary International Conference on Metallurgy and Materials : May 26 - 28, 2021, Brno, Czech Republic, EU
ISBN
978-80-87294-99-4
ISSN
2694-9296
e-ISSN
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Number of pages
8
Pages from-to
1303-1310
Publisher name
Tanger
Place of publication
Ostrava
Event location
Brno
Event date
May 26, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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