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 |
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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 |
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Abbreviated title | WCEAM 2006 |
Country/Territory | Australia |
City | Gold Coast |
Period | 11/07/06 → 14/07/06 |
Internet address |