Sensitivity Analysis for Sawing Cost Model Evaluation. A Review on an Iranian Stone Factory Cover Image

Sensitivity Analysis for Sawing Cost Model Evaluation. A Review on an Iranian Stone Factory
Sensitivity Analysis for Sawing Cost Model Evaluation. A Review on an Iranian Stone Factory

Author(s): Reza Mikaeil, Hojjat Hosseinzadeh Gharehgheshlagh, Mohammad Ataei, Babak Sohrabian
Subject(s): Accounting - Business Administration, Socio-Economic Research
Published by: Editura Universitară & ADI Publication
Keywords: Stone Sawing; Cost Model; Sensitivity Analysis; Diamond Disk Cost; Cost of Energy;

Summary/Abstract: Stone sawing industry is among the most important mineral industries in Iran. Therefore, special attention to this sector can result in economic growth by providing a healthy condition in competition with other countries. Two important factors, which affect the world market's competition, are the cost operation and the quality of the processed stone. Providing economic advantage by lowering the cost without causing any defect in the quality of the stone is the key point in the industry. Therefore, in this research, an economic evaluation was carried out on the sawing process of a hard stone and a cost model including all cost factors was developed. Then, in order to determine the most effective cost factors, sensitivity analysis was performed on the proposed model. The results of this study showed that diamond disk and energy cost are respectively the most important factors in the operation.

  • Issue Year: 6/2020
  • Issue No: 3
  • Page Range: 59-65
  • Page Count: 7
  • Language: English