Open AccessLife Cycle Costing Model for the Membrane System
Author(s) -
Nur Syamimi Jiran,
Muhamad Zameri Mat Saman,
Noordin Mohd Yusof
Publication year - 2019
Publication title -
asia proceedings of social sciences
Language(s) - English
Resource type - Journals
eISSN - 2663-6638
pISSN - 2663-662X
DOI - 10.31580/apss.v4i1.584
Subject(s) - activity based costing , product cost management , cost estimate , process costing , total cost , target costing , life cycle costing , cost driver , total absorption costing , profit (economics) , computer science , product lifecycle , product (mathematics) , cost accounting , risk analysis (engineering) , unit cost , overhead (engineering) , reliability engineering , operations management , new product development , business , engineering , cost engineering , economics , systems engineering , mathematics , mechanical engineering , geometry , accounting , marketing , microeconomics , operating system
Computerized cost estimation though cost model help user to estimating product cost since the early stage of product development. Total product cost is an economic indicator that a sustainable product promotes a good impact on the environment but also contribute a profit increased to the organization. In addition, the cost model could be a decision-making tool for the organization in selecting alternatives to replace the older system in term of financial and other benefits offered by the new technology. The proposed cost model helps membrane user to select the lower membrane system’s cost during its complete lifespan and it helps management to rearrange the production line and filtering system in reducing the total cost. Activity-based costing (ABC) useful in estimating the overhead cost, the total cost of the membrane system and also other useful information in improving the whole membrane system.