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, pp.1681-1684, 2004 (SCI-Expanded) identifier identifier

  • Publication Type: Article / Article
  • Volume:
  • Publication Date: 2004
  • Doi Number: 10.4028/www.scientific.net/kem.264-268.1681
  • Journal Name: EURO CERAMICS VIII, PTS 1-3
  • Journal Indexes: Science Citation Index Expanded (SCI-EXPANDED), Scopus
  • Page Numbers: pp.1681-1684
  • Keywords: production cost index, laspeyres, ceramic clay, cost estimate
  • Dokuz Eylül University Affiliated: No

Abstract

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.