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Risky Time Driven Activity Based Costing in a Medical center: A Development, implementation and simulation based optimization approach

The Journal of Accounting and Management

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Title Risky Time Driven Activity Based Costing in a Medical center: A Development, implementation and simulation based optimization approach
 
Creator Bagherpour, Morteza; University of Pretoria
 
Subject —
 
Description Nowadays, with the development of enterprises andincreases in competitions, management needs to do more actual investigation andin-depth analysis. Meanwhile, practical information about the service cost ofeach client/product and determining free capacity of resources are highlydesirable, in order to detect which of clients/products are more profitable.There are several available costing systems in the literature; however till thepresent time, none of them are considered to have a probabilistic nature associatedwith a business environment. In this paper, a standard time driven activitybased costing (TDABC) is combined with a simulation model, proposing a novel algorithmcalled Risky TDABC. The three risky factors which are considered in this study are:1.Resource capacity 2.Estimated activity time 3.The required quantity of an activity.Additionally, the idle time of each resource is also determined, an aspectwhich has not been considered in the standard TDABC system. Therefore, byapplying a resource configuration management in a medical center, differentscenarios are developed and compared to each other, finding the best-knownalternative through a simulation based optimization approach. The obtained resultsare apparently found to be more actual and reliable. The proposed model is finallyvalidated and successfully implemented in a healthcare center department.
 
Publisher The Journal of Accounting and Management
 
Contributor —
 
Date 2015-11-25
 
Type Peer-reviewed Article
 
Format application/pdf
text/html
 
Identifier http://journals.univ-danubius.ro/index.php/jam/article/view/2756
 
Source The Journal of Accounting and Management; Vol 5, No 2 (2015): JAM
 
Language en
 
Rights The author fully assumes the content originality and the holograph signature makes him responsible in case of trial.