DocumentCode
2074085
Title
The Research of the Realization Model in Large-Scale Equipment´s Value Occupying Based on the Time Value
Author
Yu, Huigang
Author_Institution
Zhejiang Coll. of Constr., Hangzhou, China
fYear
2009
fDate
20-22 Sept. 2009
Firstpage
1
Lastpage
3
Abstract
Equipment is the active part in fixed investments of the construction project. In manufacturing engineering construction where Organic formation of capital is high, the equipment price accounts for a ratios of the construction costs. However, it takes a long process to complete the contract of large-scale equipment introducing and there also exists many uncertainty factors, which lead to the obvious difference between the value and price of the equipment while settling ultimately. This paper employed the principle of time value of money, established a equivalent settlement model and further built a model in large-scale equipment´s value occupying realization. By calculating analysis to prove that the time value of money is an objective existence that it become a basic principle in investment, namely, take full advantage of the time value of money, maximize access to the equipment´s value and cut down the cost disbursement, so as to control the construction costs effectively.
Keywords
construction industry; contracts; cost reduction; investment; pricing; production equipment; construction project; cost disbursement; equipment price; equivalent settlement model; fixed investments; large-scale equipment; manufacturing engineering construction; time value settlement mode; Costs; Educational institutions; Forward contracts; Investments; Large-scale systems; Manufacturing; Uncertainty;
fLanguage
English
Publisher
ieee
Conference_Titel
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location
Wuhan
Print_ISBN
978-1-4244-4638-4
Electronic_ISBN
978-1-4244-4639-1
Type
conf
DOI
10.1109/ICMSS.2009.5301078
Filename
5301078
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