CHAPTER 7. Developments in Cost Systems During the Industrial Revolutions and Cost Calculation at Smart Factories

2021 ◽  
pp. 144-169
Keyword(s):  
Cost Calculation ◽  
Smart Factories ◽  
Industrial Revolutions

THE FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0) A SOCIAL INNOVATION PERSPECTIVE

2018 ◽  
Author(s):  
Klaus Schwab
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Social Innovation ◽  
Holistic Approach ◽  
Socioeconomic Impact ◽  
Fourth Industrial Revolution ◽  
Technological Developments ◽  
Rapid Pace ◽  
Sustainable System ◽  
Industrial Revolutions

The rapid pace of technological developments played a key role in the previous industrial revolutions. However, the fourth industrial revolution (Industry 4.0) and its embedded technology diffusion progress is expected to grow exponentially in terms of technical change and socioeconomic impact. Therefore, coping with such transformation require a holistic approach that encompasses innovative and sustainable system solutions and not just technological ones. In this article, we propose a framework that can facilitate the interaction between technological and social innovation to continuously come up with proactive, and hence timely, sustainable strategies. These strategies can leverage economic rewards, enrich society at large, and protect the environment. The new forthcoming opportunities that will be generated through the next industrial wave are gigantic at all levels. However, the readiness for such revolutionary conversion require coupling the forces of technological innovation and social innovation under the sustainability umbrella.

Different approaches to solve the problem of manufactured goods cost calculation

2019 ◽  
pp. 106-111
Author(s):  
S.A. Tikhomoriva ◽  
◽  
A.R. Vinogradova ◽  
A.A. Bogatyreva ◽  
◽  
...  
Keyword(s):  
Cost Calculation ◽  
Manufactured Goods

An Integrated Legacy of Modbus Devices to Industrial Internet of Things: Approach for Smart Industries

2020 ◽  
Author(s):  
Karthik Muthineni
Keyword(s):  
Internet Of Things ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Industrial Internet Of Things ◽  
Intelligent Decision Making ◽  
Internet Of Everything ◽  
Industrial Internet ◽  
Intelligent Decision ◽  
Network Platform ◽  
Smart Factories

The new industrial revolution Industry 4.0, connecting manufacturing process with digital technologies that can communicate, analyze, and use information for intelligent decision making includes Industrial Internet of Things (IIoT) to help manufactures and consumers for efficient controlling and monitoring. This work presents the design and implementation of an IIoT ecosystem for smart factories. The design is based on Siemens Simatic IoT2040, an intelligent industrial gateway that is connected to modbus sensors publishing data onto Network Platform for Internet of Everything (NETPIE). The design demonstrates the capabilities of Simatic IoT2040 by taking Python, Node-Red, and Mosca into account that works simultaneously on the device.

METHODOLOGICAL APPROACHES TO SEARCH FOR RESERVES OF DECREASING COSTS IN THE BRANCHES OF AGRICULTURAL PRODUCTION

2019 ◽  
Keyword(s):  
Agricultural Production ◽  
Raw Materials ◽  
Cost Calculation ◽  
Cattle Breeding ◽  
Method Of Calculation ◽  
Prime Cost ◽  
Dairy Cattle Breeding ◽  
Methodological Approaches ◽  
Definition Of ◽  
Qualitative Characteristics

In this article approaches to search for reserves of decrease in cost of agricultural production are considered. The methods of cost calculation of dairy cattle breeding products used at the studied enter-prise are analysed, short characteristic of the standard method offered by the Ministry of Agriculture is given, and calculations of alternative options are also carried out. Today creation of accounting of a production unit is very important so that not only weight units must be considered in it, but also the quali-tative structure of products must be reflected. Definition of qualitative characteristics and technological properties by production of milk which depend on use purposes can be an example. The raw materials consumption on a unit of production and its quality and also firmness of storage depends on technologi-cal properties of milk. At calculation of prime cost taking into account qualitative characteristics for cal-culation milk in terms of basic fat content undertakes. The method of calculation of prime cost consider-ing qualitative characteristics is the most expedient as prime cost of 1 c of milk unlike the operating tech-nique is lower. In the article analytical methods of reserves calculation for decrease in prime cost taking into account various factors are proved. The revealed reserves will allow an enterprise to expand its in-vestment opportunities in the future, they will give an additional incentive of modernization of the worn-out machinery and equipment in branches of agriculture.

THE ROOTS OF MODERN CAPITALISM: A MARXIST ACCOUNTING HISTORY OF THE ORIGINS AND CONSEQUENCES OF CAPITALIST LANDLORDS IN ENGLAND

2004 ◽  
Vol 31 (1) ◽  
pp. 1-56 ◽  
Author(s):  
Rob Bryer
Keyword(s):  
Social Relations ◽  
Pivotal Role ◽  
Archival Research ◽  
Accounting History ◽  
Agricultural Revolution ◽  
Historical Literature ◽  
Modern Capitalism ◽  
History Of ◽  
Industrial Revolutions

A major debate neglected by accounting historians is the importance of landlords in the English agricultural revolution. The paper uses accounting evidence from the historical literature to test Marx's theory that, from around 1750, England's landlords played a pivotal role by adopting and then spreading the capitalist mentality and social relations by enclosures and changes in the management of their estates and tenants. It gives an accounting interpretation of Marx's theory of rent and argues that the available evidence supports his view that the conversion of English landlords to capitalism underlay the later stages of the agricultural revolution. The conclusion explains the linkages in Marx's theory between the agricultural and industrial revolutions, and calls on accounting historians to conduct archival research into the agricultural roots of modern capitalism.

Capitalisms

2020 ◽  
Keyword(s):  
Tenth Century ◽  
History Of Capitalism ◽  
Commodity Production ◽  
Production And Distribution ◽  
History Of ◽  
National Boundaries ◽  
Small Producers ◽  
Circulation Of Knowledge ◽  
Industrial Revolutions

Conventional accounts often conceive the genesis of capitalism in Europe within the conjunctures of agricultural, commercial, and industrial revolutions. Challenging this widely believed cliché, this volume traces the history of capitalism across civilizations, tenth century onwards, and argues that capitalism was neither a monolithic entity nor exclusively an economic phenomenon confined to the West. Looking at regions as diverse as England, South America, Russia, North Africa, and East, South, West, and Southeast Asia, the book explores the plurality of developments across time and space. The chapters analyse aspects such as historical conjunctures, commodity production and distribution, circulation of knowledge and personnel, and the role of mercantile capital, small producers, and force—all the while stressing the necessity to think beyond present-day national boundaries. The book argues that the multiple histories of capitalism can be better understood from a trans-regional, intercontinental, and interconnected perspective.

scholarly journals Microgrid as a Cost-Effective Alternative to Rural Network Underground Cabling for Adequate Reliability

Energies ◽  
2018 ◽  
Vol 11 (8) ◽  
pp. 1978 ◽  
Author(s):  
Sanna Uski ◽  
Erkka Rinne ◽  
Janne Sarsama
Keyword(s):  
Case Studies ◽  
Power Supply ◽  
Dairy Farm ◽  
Cost Effective ◽  
Distribution Networks ◽  
Comparison Method ◽  
Economic Benefits ◽  
Economic Feasibility ◽  
Cost Calculation ◽  
Islanded Operation

Microgrids can be used for securing the supply of power during network outages. Underground cabling of distribution networks is another effective but conventional and expensive alternative to enhance the reliability of the power supply. This paper first presents an analysis method for the determination of microgrid power supply adequacy during islanded operation and, second, presents a comparison method for the overall cost calculation of microgrids versus underground cabling. The microgrid power adequacy during a rather long network outage is required in order to indicate high level of reliability of the supply. The overall cost calculation considers the economic benefits and costs incurred, combined for both the distribution network company and the consumer. Whereas the microgrid setup determines the islanded-operation power adequacy and thus the reliability of the supply, the economic feasibility results from the normal operations and services. The methods are illustrated by two typical, and even critical, case studies in rural distribution networks: an electric-heated detached house and a dairy farm. These case studies show that even in the case of a single consumer, a microgrid option could be more economical than network renovation by underground cabling of a branch in order to increase the reliability.

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