Production cost index for ceramic raw materials in Turkish mining sector

Kahraman B., Atay S., Batar T., Kose H.

EURO CERAMICS VIII, PTS 1-3, ss.1681-1684, 2004 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası:
  • Basım Tarihi: 2004
  • Doi Numarası: 10.4028/www.scientific.net/kem.264-268.1681
  • Dergi Adı: EURO CERAMICS VIII, PTS 1-3
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Sayfa Sayıları: ss.1681-1684
  • Anahtar Kelimeler: production cost index, laspeyres, ceramic clay, cost estimate
  • Dokuz Eylül Üniversitesi Adresli: Hayır

Özet

Variation in prices continuously makes it hard to estimate the prices for the engineers involved in project preparation. A method of providing beginning price estimation is to examine a similar fulfilled project cost. As the cost values refer to earlier period years, these values ought to be updated. A cost index is the most appropriate method to revise the cost values referring to the previous years. Thus, the ratio of varying cost and income that is required to investment analysis could be practically estimated.