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Activity-Based Standard Costing Product-Mix Decision in the Future Digital Era: Green Recycling Steel-Scrap Material for Steel Industry

Author

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  • Wen-Hsien Tsai

    (Department of Business Administration, National Central University, Jhongli, Taoyuan 32001, Taiwan)

  • Shu-Hui Lan

    (Department of Business Administration, National Central University, Jhongli, Taoyuan 32001, Taiwan)

  • Cheng-Tsu Huang

    (Department of Business Administration, National Central University, Jhongli, Taoyuan 32001, Taiwan)

Abstract

According to the advanced technologies of digitalization and automation, the interconnection with each individual object is created from data acquisitions into data feedback in the integrated platform of the Manufacturing Execution System (MES). MES automatically and immediately links various functional systems. The time of electronic production management is coming soon, and Activity-Based Standard Costing (ABSC) will be used in the new era. On the other hand, there are environmental protection issues; thus, the high-tech method of the Electric Arc Furnace (EAF) uses the complicated recycling material of steel-scrap, which hypothetically enhances product-mix decisions, as based on the ABSC theory, with a mathematical programming approach.

Suggested Citation

  • Wen-Hsien Tsai & Shu-Hui Lan & Cheng-Tsu Huang, 2019. "Activity-Based Standard Costing Product-Mix Decision in the Future Digital Era: Green Recycling Steel-Scrap Material for Steel Industry," Sustainability, MDPI, vol. 11(3), pages 1-30, February.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:3:p:899-:d:204652
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    References listed on IDEAS

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    1. Wen-Hsien Tsai & Chih-Hao Yang & Cheng-Tsu Huang & Yen-Ying Wu, 2017. "The impact of the carbon tax policy on green building strategy," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 60(8), pages 1412-1438, August.
    2. Wen-Hsien Tsai, 2018. "A Green Quality Management Decision Model with Carbon Tax and Capacity Expansion under Activity-Based Costing (ABC)—A Case Study in the Tire Manufacturing Industry," Energies, MDPI, vol. 11(7), pages 1-30, July.
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    5. Wen-Hsien Tsai & Tsen-Shu Tsaur & Yu-Wei Chou & Jau-Yang Liu & Jui-Ling Hsu & Chu-Lun Hsieh, 2015. "Integrating the activity-based costing system and life-cycle assessment into green decision-making," International Journal of Production Research, Taylor & Francis Journals, vol. 53(2), pages 451-465, January.
    6. Wen-Hsien Tsai & Thomas W. Lin & Wen-Chin Chou, 2010. "Integrating activity-based costing and environmental cost accounting systems: a case study," International Journal of Business and Systems Research, Inderscience Enterprises Ltd, vol. 4(2), pages 186-208.
    7. Wen-Hsien Tsai & Jui-Chu Chang & Chu-Lun Hsieh & Tsen-Shu Tsaur & Chung-Wei Wang, 2016. "Sustainability Concept in Decision-Making: Carbon Tax Consideration for Joint Product Mix Decision," Sustainability, MDPI, vol. 8(12), pages 1-22, November.
    8. Tsai, Wen-Hsien, 1996. "A technical note on using work sampling to estimate the effort on activities under activity-based costing," International Journal of Production Economics, Elsevier, vol. 43(1), pages 11-16, May.
    9. Wen-Hsien Tsai & Shi-Yin Jhong, 2018. "Carbon Emissions Cost Analysis with Activity-Based Costing," Sustainability, MDPI, vol. 10(8), pages 1-26, August.
    10. Wen-Hsien Tsai & Shang-Yu Lai, 2018. "Green Production Planning and Control Model with ABC under Industry 4.0 for the Paper Industry," Sustainability, MDPI, vol. 10(8), pages 1-29, August.
    11. Tsai, Wen-Hsien & Lin, Sin-Jin & Liu, Jau-Yang & Lin, Wan-Rung & Lee, Kuen-Chang, 2011. "Incorporating life cycle assessments into building project decision-making: An energy consumption and CO2 emission perspective," Energy, Elsevier, vol. 36(5), pages 3022-3029.
    12. Wen-Hsien Tsai & Po-Yuan Chu & Hsiu-Li Lee, 2019. "Green Activity-Based Costing Production Planning and Scenario Analysis for the Aluminum-Alloy Wheel Industry under Industry 4.0," Sustainability, MDPI, vol. 11(3), pages 1-20, February.
    13. Wen-Hsien Tsai & Yin-Hwa Lu, 2018. "A Framework of Production Planning and Control with Carbon Tax under Industry 4.0," Sustainability, MDPI, vol. 10(9), pages 1-24, September.
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    Cited by:

    1. Amirhossein Taghipour & Wareerath Akkalatham, 2021. "Circular Economy of Steel Recycling Companies in Thailand," Circular Economy and Sustainability,, Springer.
    2. Marta Daroń & Monika Górska, 2019. "Management Premises and Barriers in the Metal Industry in Poland in the Context of Innovative Activity," Sustainability, MDPI, vol. 11(23), pages 1-18, November.
    3. Raul Oltra-Badenes & Hermenegildo Gil-Gomez & Vicente Guerola-Navarro & Pau Vicedo, 2019. "Is It Possible to Manage the Product Recovery Processes in an ERP? Analysis of Functional Needs," Sustainability, MDPI, vol. 11(16), pages 1-16, August.
    4. Wen-Hsien Tsai & Shu-Hui Lan & Hsiu-Li Lee, 2020. "Applying ERP and MES to Implement the IFRS 8 Operating Segments: A Steel Group’s Activity-Based Standard Costing Production Decision Model," Sustainability, MDPI, vol. 12(10), pages 1-33, May.
    5. Nima Karimi, 2023. "Assessing Global Waste Management: Alternatives to Landfilling in Different Waste Streams—A Scoping Review," Sustainability, MDPI, vol. 15(18), pages 1-15, September.
    6. Nicoleta Valentina Florea & Constantin Aurelian Ionescu & Marinela Daniela Manea & Dan Ioan Topor & Sorinel Capusneanu & Dan Marius Coman & Sorina Geanina Stanescu & Mihaela Denisa Coman, 2023. "Implementing ABC as Cost Management Model for the Human Resources Department: Evidence From a Romanian Entity," SAGE Open, , vol. 13(2), pages 21582440231, May.

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