Sensitivity Analysis for Sawing Cost Model Evaluation. A Review on an Iranian Stone Factory

Reza Mikaeil, Hojjat Hosseinzadeh Gharehgheshlagh, Mohammad Ataei and Babak Sohrabian ()

Academic Journal of Economic Studies, 2020, vol. 6, issue 3, 59-65

Abstract: Stone sawing industry is among the most important mineral industries in Iran. Therefore, special attention to this sector can result in economic growth by providing a healthy condition in competition with other countries. Two important factors, which affect the world market's competition, are the cost operation and the quality of the processed stone. Providing economic advantage by lowering the cost without causing any defect in the quality of the stone is the key point in the industry. Therefore, in this research, an economic evaluation was carried out on the sawing process of a hard stone and a cost model including all cost factors was developed. Then, in order to determine the most effective cost factors, sensitivity analysis was performed on the proposed model. The results of this study showed that diamond disk and energy cost are respectively the most important factors in the operation.

Keywords: Stone Sawing; Cost Model; Sensitivity Analysis; Diamond Disk Cost; Cost of Energy (search for similar items in EconPapers)
JEL-codes: C51 (search for similar items in EconPapers)
Date: 2020
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_346.pdf (application/pdf)
http://www.ajes.ro/wp-content/uploads/AJES_article_1_346.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:khe:scajes:v:6:y:2020:i:3:p:59-65

Access Statistics for this article

More articles in Academic Journal of Economic Studies from Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest Contact information at EDIRC.
Bibliographic data for series maintained by Adi Sava ().