A statistical activity cost analysis of the relationship between physical and financial aspects of fixed assets

Andrew Colin; Michael Faita; Steve Su; Lyle Turner; Roger Willett; Rodney Wolff

A statistical activity cost analysis of the relationship between physical and financial aspects of fixed assets

Andrew Colin, Michael Faita, Steve Su, Lyle Turner, Roger Willett, Rodney Wolff

Department of General Practice

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research › peer-review

1 Citation (Scopus)

Abstract

In this paper, Statistical Activity Cost Analysis (SACA) is used to identify the interaction of mutually dependent physical and financial aspects of a fixed asset-like system configuration. The novelty of the approach is, having established a rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date has investigated the duality of engineering and accounting aspects, in a statistical setting. Our approach is conceptual rather than empirical. We use an illustrative 4-component model, a) to explain the concept of SACA by means of a software demonstration tool, b) to relate financial issues of cost to engineering asset capacity to perform specified tasks, and c) to demonstrate how to produce quantified measures of return and risk,

Original language	English
Title of host publication	Proceedings First World Congress on Engineering Asset Management (WCEAM)
Editors	Joseph Matthew, Lin Ma, Andy Tan, Deryk Anderson
Place of Publication	Australia
Publisher	Springer-Verlag London Ltd.
Pages	n/a - n/a
Number of pages	1
Publication status	Published - 2006
Event	World Congress on Engineering Asset Management 2006 - Gold Coast, Australia Duration: 11 Jul 2006 → 14 Jul 2006 Conference number: 1st http://wceam.com/past-congresses/wceam-2006/

Conference

Conference	World Congress on Engineering Asset Management 2006
Abbreviated title	WCEAM 2006
Country	Australia
City	Gold Coast
Period	11/07/06 → 14/07/06
Internet address	http://wceam.com/past-congresses/wceam-2006/

Cite this

Colin, Andrew ; Faita, Michael ; Su, Steve ; Turner, Lyle ; Willett, Roger ; Wolff, Rodney. / A statistical activity cost analysis of the relationship between physical and financial aspects of fixed assets. Proceedings First World Congress on Engineering Asset Management (WCEAM). editor / Joseph Matthew ; Lin Ma ; Andy Tan ; Deryk Anderson. Australia : Springer-Verlag London Ltd., 2006. pp. n/a - n/a

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title = "A statistical activity cost analysis of the relationship between physical and financial aspects of fixed assets",

abstract = "In this paper, Statistical Activity Cost Analysis (SACA) is used to identify the interaction of mutually dependent physical and financial aspects of a fixed asset-like system configuration. The novelty of the approach is, having established a rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date has investigated the duality of engineering and accounting aspects, in a statistical setting. Our approach is conceptual rather than empirical. We use an illustrative 4-component model, a) to explain the concept of SACA by means of a software demonstration tool, b) to relate financial issues of cost to engineering asset capacity to perform specified tasks, and c) to demonstrate how to produce quantified measures of return and risk,",

author = "Andrew Colin and Michael Faita and Steve Su and Lyle Turner and Roger Willett and Rodney Wolff",

year = "2006",

language = "English",

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editor = "Joseph Matthew and Lin Ma and Andy Tan and Deryk Anderson",

booktitle = "Proceedings First World Congress on Engineering Asset Management (WCEAM)",

publisher = "Springer-Verlag London Ltd.",

address = "Germany",

note = "World Congress on Engineering Asset Management 2006, WCEAM 2006 ; Conference date: 11-07-2006 Through 14-07-2006",

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Colin, A, Faita, M, Su, S, Turner, L, Willett, R & Wolff, R 2006, A statistical activity cost analysis of the relationship between physical and financial aspects of fixed assets. in J Matthew, L Ma, A Tan & D Anderson (eds), Proceedings First World Congress on Engineering Asset Management (WCEAM). Springer-Verlag London Ltd., Australia, pp. n/a - n/a, World Congress on Engineering Asset Management 2006, Gold Coast, Australia, 11/07/06.

A statistical activity cost analysis of the relationship between physical and financial aspects of fixed assets. / Colin, Andrew; Faita, Michael; Su, Steve; Turner, Lyle; Willett, Roger; Wolff, Rodney.

Proceedings First World Congress on Engineering Asset Management (WCEAM). ed. / Joseph Matthew; Lin Ma; Andy Tan; Deryk Anderson. Australia : Springer-Verlag London Ltd., 2006. p. n/a - n/a.

Research output: Chapter in Book/Report/Conference proceeding › Conference Paper › Research › peer-review

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AU - Colin, Andrew

AU - Faita, Michael

AU - Su, Steve

AU - Turner, Lyle

AU - Willett, Roger

AU - Wolff, Rodney

N1 - Conference code: 1st

PY - 2006

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N2 - In this paper, Statistical Activity Cost Analysis (SACA) is used to identify the interaction of mutually dependent physical and financial aspects of a fixed asset-like system configuration. The novelty of the approach is, having established a rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date has investigated the duality of engineering and accounting aspects, in a statistical setting. Our approach is conceptual rather than empirical. We use an illustrative 4-component model, a) to explain the concept of SACA by means of a software demonstration tool, b) to relate financial issues of cost to engineering asset capacity to perform specified tasks, and c) to demonstrate how to produce quantified measures of return and risk,

AB - In this paper, Statistical Activity Cost Analysis (SACA) is used to identify the interaction of mutually dependent physical and financial aspects of a fixed asset-like system configuration. The novelty of the approach is, having established a rational description of the uncertainty inherent in both domains, the analysis of their interaction. Little research to date has investigated the duality of engineering and accounting aspects, in a statistical setting. Our approach is conceptual rather than empirical. We use an illustrative 4-component model, a) to explain the concept of SACA by means of a software demonstration tool, b) to relate financial issues of cost to engineering asset capacity to perform specified tasks, and c) to demonstrate how to produce quantified measures of return and risk,

M3 - Conference Paper

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BT - Proceedings First World Congress on Engineering Asset Management (WCEAM)

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