Application of Activity-Based Costing to Green Industry for Profitability and Performance Enhancement - Recycling of Blast Furnace Slag as an Example

To pursue more comfortable living human beings have overexploited resources, accumulated large amounts of waste and damaged the natural ecological environments, resulting in extreme climates. Slag produced by blast furnaces in the steel industry may be recycled grinded to slag powder, a building mat...

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Bibliographic Details
Published in:Advances in management and applied economics 2018-05, Vol.8 (3), p.27-59
Main Authors: Yang, Kun-Ming, Chang, Shen-Ho
Format: Article
Language:English
Subjects:
21st century
Activity based costing
Automation
Cement
Competitive advantage
Corporate profits
Costs
Economics
Efficiency
Energy industry
Environmental protection
Machinery
Manufacturing
Market strategy
Marketing
Profit margins
Profitability
Raw materials
Recycling
Repair & maintenance
Slag
Steel industry
Subsidies
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Summary:To pursue more comfortable living human beings have overexploited resources, accumulated large amounts of waste and damaged the natural ecological environments, resulting in extreme climates. Slag produced by blast furnaces in the steel industry may be recycled grinded to slag powder, a building material and cement substitute, which may reduce cement mining and create multiple economic benefits. In the case study, Activity-Based Costing (ABC) is experimentally employed to the first-phase slag powder production and the second-phase ultrafine slag power and cement production. Modification of the activities flow has improved the activities effectiveness and saved the indirect costs, thus enhancing the company's competitiveness and profitability.
ISSN:1792-7544
1792-7552