Features of the factor models for the corporate cost management purposes in construction

Abstract

Abstract The article examines the methodological aspects of constructing the multiplicative factorial analytical economic models that allow to systematically study the influence of the analyzed factors on the change in the total, including the material costs in the production (sale) of construction products, to identify negative trends and potential problems in the activities of the construction organizations. To implement the proper quality of constructing a complex of multiplicative factorial analytical economic models for the corporate cost management purposes in the construction industry, the requirements excluding the formal methods for constructing the models have been identified. When constructing the multiplicative factorial economic models, the expansion method, which reflects the fulfillment of the requirements established during the study for the development of such models, was used. Resulting the signs in the developed complex of multiplicative factorial economic models for the purposes of corporate cost management suggest the total costs of production (sale) of the construction products; production costs using the new (innovative) building materials; the specific total costs of production using the new (innovative) building materials, calculated per unit of the manufactured (sold) products in kind using the new (innovative) building materials; the specific total costs of the construction products manufacturing (sales) using the new (innovative) building materials as a part of the total production costs (sales) of the construction products; the material costs of the construction products manufactured using the new (innovative) building materials; specific material costs of products using the new (innovative) building materials in the total volume of production in physical terms by the construction organization (structural unit, construction project, separate type of work). The recommended set of multiplicative analytical economic models is aimed at developing the potential of economic analysis factor based on improving the information analytical database quality on the degree of the analyzed factors’ impact on the cost changes for the purpose of making the successful managerial decisions in the system of corporate cost management in construction