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
Link To Document :
بازگشت