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

Research output: Chapter in Book/Report/Conference proceedingConference PaperResearchpeer-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 languageEnglish
Title of host publicationProceedings First World Congress on Engineering Asset Management (WCEAM)
EditorsJoseph Matthew, Lin Ma, Andy Tan, Deryk Anderson
Place of PublicationAustralia
PublisherSpringer-Verlag London Ltd.
Pagesn/a - n/a
Number of pages1
Publication statusPublished - 2006
EventWorld Congress on Engineering Asset Management 2006 - Gold Coast, Australia
Duration: 11 Jul 200614 Jul 2006
Conference number: 1st
http://wceam.com/past-congresses/wceam-2006/

Conference

ConferenceWorld Congress on Engineering Asset Management 2006
Abbreviated titleWCEAM 2006
CountryAustralia
CityGold Coast
Period11/07/0614/07/06
Internet address

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