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The Application of ProductivityImprovement Concept for Prof itabilityAnalysis of a Condominium Project
Journal
University of the Thai Chamber of Commerce Journal
Publisher(s)
Chulalongkorn University Printing House
University of the Thai Chamber of Commerce
Date Issued
2012
Author(s)
Other Contributor(s)
University of the Thai Chamber of Commerce. Journal Editorial Office
Abstract
Application of the productivity improvement concept for profitability analysis of a condominium project is an effective management resource in order to increase products quantities and values. Measuring the productivity in any process or activity focuses on input and output based on Total Productivity Efficiency by analyzing linked profits in terms of Profit-Linked Productivity Measurement, which has two main issues for consideration. Firstly, Technical Efficiency is to evaluate alternatives or approaches to allocate and minimize resource use by eliminating non-value-added activities and increasing value to certain activities that meet the required results. Secondly, Input Trade-off Efficiency, also called Allocation Efficiency is to assess which choices provide the lowest cost of the overall resource use. Analyzing the productivity for any process and activity to manage costs is based on an ABM approach. The output process is to use an activity, and the activity requires resources or input. There are two components of the productivity process: 1) Resource Efficiency or Activity Efficiency and 2) Activity Output Efficiency. Analyzing activities is the most important process of the value analysis, which emphasizes three main issues: efficiency, quality, and timeliness, and this is a continuous process that reduces costs and improves competitiveness.
Subject(s)
ISSN
0125-2437
Access Rights
public
Rights
This work is protected by copyright. Reproduction or distribution of the work in any format is prohibited without written permission of the copyright owner.
Rights Holder(s)
University of the Thai Chamber of Commerce
Bibliographic Citation
Phattrapong Charoenkillarukorn (2012) The Application of ProductivityImprovement Concept for Prof itabilityAnalysis of a Condominium Project. University of the Thai Chamber of Commerce Journal Vol.32 No.4.
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