Improving the cost information management system: The case study of defense materials industry in Korea
This study shows how to develop and apply an objective cost equation model through accounting engineering approach with the focus on indirect processing costs. The authors provide a cost estimation method that can be used by both government and contractors to predict and calculate reasonable processing costs acceptable by both parties. By applying the suggested approach, both parties can utilize the future estimated cost or target cost as a basic cost for planning, budgeting, bid pricing and contract pricing.
Actual Problems of Economics
Moon, Jae Hun; Kim, Young Jun; and Seol, In Shik, "Improving the cost information management system: The case study of defense materials industry in Korea" (2016). School of Management. 115.