BazEkon - The Main Library of the Cracow University of Economics

BazEkon home page

Main menu

Author
Laurent Achille-B. (TransLucid Consulting, translucid.eu), Beauregard Robert (Laval University, Québec, QC, Canada), D'Amours Sophie (Laval University, Québec, QC, Canada)
Title
Activity-Based Life-Cycle Costing Applied to an Innovative Forestry Company Product Portfolio
Source
Economics, Management and Sustainability, 2021, vol. 6, nr 1, s. 6-26, rys., tab., bibliogr. 61 poz.
Keyword
Analiza portfelowa, Rachunek kosztów działań, Cykl życia produktu
Portfolio analysis, Activity Based Costing (ABC), Product life cycle
Note
JEL Classification: D15, D24, Q23
summ., The financial support of the FQRNT and the FORAC research consortium.
Abstract
An accounting system helps to provide information for planning and control of production. This article presents a Life Cycle Costing by using an Activity Based Costing approach of an innovative forestry company. In order to perform a cradle-to-gate assessment the study covers the forest and industrial activities of the forest product processing. The costs of each product in the portfolio are determined by the treatment activities they undergo. The inventory covers several years of activity of the company, which makes it possible to calculate the uncertainty of the average results with Monte Carlo simulation presented in the result section. Based on the results a products portfolio analysis was performed to identify the development progress phases of the mains products to support the product rollover strategy decision. (original abstract)
Full text
Show
Bibliography
Show
  1. Adair, C., McKeever, D. B., Gaston, C., & Stewart, M. (2013). Wood and other materials used to construct nonresidential buildings in the United States 2011 (p. 127). Home Innovation Research Labs. http://www.fpl.fs.fed.us/documnts/pdf2013/fpl_2013_adair001.pdf
  2. Ainsworth, P., & Deines, D. (2003). Introduction to accounting an integrated approach. McGraw/Irwin,2003 3RD EDITION.
  3. Alemdag, I. S. (1982). Biomass of the merchantable and unmerchantable portions of the stem (p. 25). Petawawa National Forestery Institute, Canadian Forestery Service, Environment Canada. http://cfs.nrcan.gc.ca/entrepotpubl/pdfs/4475.pdf
  4. Anderson, S. W., Hesford, J. W., & Young, S. M. (2002). Factors influencing the performance of activity based costing teams: A field study of ABC model development time in the automobile industry. Accounting, Organizations and Society, 27(3), 195-211. https://doi.org/10.1016/S0361-3682(01)00057-5.
  5. APA. (2002). Market Outlook-Lumber, Structural Panels, and Engineered Wood Products (p. 57). The Engineered Wood Association.
  6. APA. (2008). Structural Panels and Engineered Wood. https://www.apawood.org/Data/Sites/1/documents/marketresearch/2008-Quarterly****EngWoodStats.pdf
  7. APA. (2014a). Structural Panel and Engineered Wood Yearbook (No. MKOE180). The Engineered Wood Association.
  8. APA. (2014b). https://www.apawood.org/
  9. Asiedu, Y., & Gu, P. (1998). Product life cycle cost analysis: State of the art review. International Journal of Production Research, 36(4), 883-908. https://doi.org/10.1080/002075498193444
  10. AWC. (2015). American Wood Council. http://www.awc.org/
  11. Barksdale, H. C., & Harris, C. E. (1982). Portfolio analysis and the product life cycle. Long Range Planning, 15(6), 74-83. https://doi.org/10.1016/0024-6301(82)90010-3
  12. Beauregard, R., & D'Amours, S. (2003, Décembre). Une stratégie de prestation de service adaptée à chacune des étapes du cycle de vie d'un produit. Penser client, Québec, Canada.
  13. Berliner, C., & Brimson, J. A. (1988). Cost Management for Today's Advanced Manufacturing: The Cam****I Conceptual Design. Harvard Business School Press.
  14. Boren, M., Chan, V., & Musso, C. (2012, August). The path to improved returns in materials commercialization. Mc Kinsley on Chemicals, 12-20.
  15. Briggs, D. G. (1994). Forest Products Measurements and Conversion Factors: With Special Emphasis on the U.S. Pacific Northwest. University of Washington Institute of Forest Resources.
  16. Bruggeman, W., Everaert, P., Anderson, S. R., & Levant, Y. (2005). Modeling Logistics Costs using Time****Driven ABC: A Case in a Distribution Company (Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium No. 05/332). Ghent University, Faculty of Economics and Business Administration. http://ideas.repec.org/p/rug/rugwps/05-332.html
  17. Chornet, E. (2005, November). Thermochemical Strategies for Biofuels, Green Chemicals, Polymeric Biomaterials and Biofuels.
  18. City of Prince George. (2017). Opportunity profile-Engineered Wood Products. https://princegeorge.ca/Business%20and%20Development/Economic%20Development%20Documents/Engineered_Wood_Products_Opp_Profile_%28WEB%29.PDF
  19. Cooper, R., & Kaplan, R. S. (1988, September). Measure Costs Right: Make the Right Decisions. Harvard Business Review. https://hbr.org/1988/09/measure-costs-right-make-the-right-decisions
  20. Durairaj, S. K., Ong, S. K., Nee, A. Y. C., & Tan, R. B. H. (2002). Evaluation of Life Cycle Cost Analysis Methodologies. Corporate Environmental Strategy, 9(1), 30-39. https://doi.org/10.1016/S1066-7938(01)00141-5
  21. Emblemsvåg, J. (2003). Life-Cycle Costing: Using Activity-Based Costing and Monte Carlo Methods to Manage Future Costs and Risks. John Wiley & Sons.
  22. FEA. (2014). https://www.getfea.com/
  23. Finnish Forest Industries. (2010). Innovation. https://www.metsateollisuus.fi/uploads/2017/03/30041738/885.pdf
  24. Flann, I. B. (1962). Certains facteurs de conversion et renseignements connexes, à l'intention de l'industrie forestiéres de l'est du Canada (No 1070F). Minsitére des forêts. http://cfs.nrcan.gc.ca/pubwarehouse/pdfs/24560.pdf
  25. FPAC. (2011). Le nouveau visage de l'industrie forestière canadienne: Une biorévolution en devenir Le Projet de la voie biotechnologique (p. 12). Association des produits forestiers du Canada. http://www.fpac.ca/wp-content/uploads/publications/fr/avenir/BIOPATHWAYS-II-FR****web.pdf
  26. Frayret, J.-M., D'Amours, S., Rousseau, A., Harvey, S., & Gaudreault, J. (2008). Agent-based supply****chain planning in the forest products industry. International Journal of Flexible Manufacturing Systems, 19(4), 358-391. https://doi.org/10.1007/s10696-008-9034-z
  27. Gervais, M., Levant, Y., & Ducrocq, C. (2010). Le Time-Driven Activity-Based Costing (TDABC):un premier bilan à travers une étude de cas longitudinale. Revue Finance Contrôle Stratégie, 13(1), 123-155.
  28. Gluch, P., & Baumann, H. (2004). The life cycle costing (LCC) approach: A conceptual discussion of its usefulness for environmental decision-making. Building and Environment, 39(5), 571-580. https://doi.org/10.1016/j.buildenv.2003.10.008
  29. Hachez, E. (2006). Calcul du prix de revient. Edipro.
  30. Haygreen, J. G., & Bowyer, J. L. (1989). Forest Products and Wood Science: An Introduction. Iowa State University Press.
  31. Institut Bauen und Umwelt e.V. (2009). PCR Wood Materials. www.bau-umwelt.com
  32. Jeges, R. (2008). The Monte Carlo method - ProjectWare. http://www.projectware.com.au/the****monte-carlo-method/
  33. Jessome, A. P. (1977). Strength and related properties of woods grown in Canada (Eastern Forest Products Laboratory). http://www.torontopubliclibrary.ca/detail.jsp?Entt=RDM1951017&R=1951017
  34. Johnson, H. T., & Kaplan, R. S. (1991). Relevance Lost: The Rise and Fall of Management Accounting. Harvard Business Press.
  35. Kaplan, R. S., & Anderson, S. R. (2007). The Innovation of Time-Driven Activity-Based Costing. http://www.hbs.edu/faculty/Pages/item.aspx?num=24208
  36. Korpunen, H., Mochan, S., & Uusitalo, J. (2010). An activity-based costing method for sawmilling. Forest Products Journal. http://www.highbeam.com/doc/1G1-246347197.html
  37. Laurent, A.-B., Menard, J.-F., Lesage, P., & Beauregard, R. (2016). Cradle-to-Gate Environmental Life Cycle Assessment of the Portfolio of an Innovative Forest Products Manufacturing Unit. BioResources, 11(4), 8981-9001. https://doi.org/10.15376/biores.11.4.8981-9001
  38. Lere, J. C. (2000). Activity-based costing: A powerful tool for pricing. Journal of Business & Industrial Marketing, 15(1), 23-33. https://doi.org/10.1108/08858620010311539
  39. Luo, L., van der Voet, E., & Huppes, G. (2009). Life cycle assessment and life cycle costing of bioethanol from sugarcane in Brazil. Renewable and Sustainable Energy Reviews, 13(6-7), 1613-1619. https://doi.org/10.1016/j.rser.2008.09.024
  40. Maher, M. W., & Deakin, E. (1991). Cost Accounting. Irwin Professional Publishing.
  41. Malcom, R. E. (1991). Overhead Control Implications of Activity Costing. Accounting Horizons, 5(4), 69.
  42. Meil, J., Bushi, L., Garrahan, P., Aston, R., Gingras, A., & Elustondo, D. (2009). Status of Energy Use in the Canadian Wood Products Sector (No. 6014). FPInnovations - Forintek Division.
  43. Metropolis, N., & Ulam, S. (1949). The Monte Carlo Method. Journal of the American Statistical Association, 44(247), 335-341.
  44. Nabuurs, G. J., Masera, O., Andrasko, K., Benitez-Ponce, P., Boer, R., Dutschke, M., Elsiddig, E., Ford****Robertson, J., Frumhoff, P., Karjalainen, T., Krankina, O., Kurz, W. A., Matsumoto, M., Oyhantcabal, W., Ravindranath, N. H., Sanz Sanchez, M. J., & Zhang, X. (2007). Forestry. In Climate Change 2007: Mitigation. Contribution of Working Group III to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change [B. Metz, O.R. Davidson, P.R. Bosch, R. Dave, L.A. Meyer (eds)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA.
  45. Nielson, R. W., Wright, D. M., & Dobie, J. (1985). Conversion factors for the forest products industry in Western Canada. Forintek Canada Corp., Western Laboratory.
  46. Nurminen, T., Korpunen, H., & Uusitalo, J. (2009). Applying the activity-based costing to cut-to-length timber harvesting and trucking. Silva Fennica, 43(5), 847-870.
  47. Pei, S., Rammer, D., Popovski, M., Williamson, T., Line, P., & Lindt, J. W. van de. (2016). An Overview of CLT Research and Implementation in North America. In: WCTE 2016, August 22-25, 2016 Vienna, Austria. https://www.fs.usda.gov/treesearch/pubs/52580
  48. Posavec, S., Zelić, J., Fliszar, I., & Beljan, K. (2011). Implementation of Cost Calculation Model in Forest Evaluation of Požega Forest Administration. Croatian Journal of Forest Engineering, 32(1), 466, 457-467, 466.
  49. Rappold, P. M. (2006). Activity-based product costing in a hardwood sawmill through the use of discrete-event simulation [Virginia Polytechnic Institute and State University]. http://scholar.lib.vt.edu/theses/available/etd-06122006-162052/
  50. reTHINKWOOD. (2015). Tall Wood / Mass Timber | ReThink Wood. http://www.rethinkwood.com/masstimber/mass-timber-manufacturers
  51. RISI. (2014). http://www.risiinfo.com/
  52. RNCan. (2016). Panneaux lamellés-croisés | Ressources naturelles Canada. Ressources Naturelles Canada. http://www.rncan.gc.ca/forets/industrie/demandes/15830
  53. RNCan, R. N. C. (2013). Seconde transformation | Ressources naturelles Canada. https://www.rncan.gc.ca/forets/rapport/industrie-changement/16543
  54. Schindler, M. (2008). Measuring Financial Integration: A New Data Set. IMF Staff Papers, 56(1), 222-238. https://doi.org/10.1057/imfsp.2008.28
  55. Schuler, A., & Adair, C. (2003). Engineered and Other Wood Products-An Opportunity to "Grow the Pie" (pp. 43-53). http://www.treesearch.fs.fed.us/pubs/7952
  56. Statistics Canada. (2015). Forestry and Logging (NAICS 113): Capital investment - Canadian Industry Statistics - Industries and Business - Industry Canada [Report]. https://www.ic.gc.ca/app/scr/sbms/sbb/cis/capitalInvestment.html?code=113&lang=eng
  57. The Norwegian EPD Foundation. (2013). Product-Category Rules: Wood and wood-based products for use in construction. http://www.epd****norge.no/getfile.php/PDF/PCR/NPCR%20015%20Wood%20and%20wood****based%20products%20for%20use%20in%20construction.pdf
  58. United Nations, Food and Agriculture Organization of the United Nations, & United Nations (Eds.). (2014). Rovaniemi Action Plan for the forest sector in a green economy. United Nations
  59. Wessels, C. B., & Vermaas, H. F. (1998). A management accounting system in sawmilling using activity based costing techniques. The Southern African Forestry Journal, 183(1), 31-35. https://doi.org/10.1080/10295925.1998.9631198
  60. Woodco. (2013). Prosperity from Forestry and Wood Products. Wood council of NZ inc. http://www.nzffa.org.nz/system/assets/1589/industry_manifesto_060314pdf.pdf
  61. Woodward, D. G. (1997). Life cycle costing-Theory, information acquisition and application. International Journal of Project Management, 15(6), 335-344. https://doi.org/10.1016/S0263-7863(96)00089-0
Cited by
Show
ISSN
2520-6303
Language
eng
URI / DOI
http://dx.doi.org/10.14254/jems.2021.6-1.1
Share on Facebook Share on Twitter Share on Google+ Share on Pinterest Share on LinkedIn Wyślij znajomemu