Chapter 9: Emerging Technologies in Creative Applications

Title: ABC taxonomy of student waste cost in affiliated universities of Thailand

Author(s): Poonyanuch Sompat, Acrapol Nimmonrat, Paipan Thanalerdsopit

Address: College of Arts Media and Technology, Chiang Mai University, 239 Huaykaew Rd., Suthep, Muang, Chiang Mai 50200, Thailand | College of Arts Media and Technology, Chiang Mai University, 239 Huaykaew Rd., Suthep, Muang, Chiang Mai 50200, Thailand | Rajamangla University of Technology Lanna, 128 Huaykaew Rd., T. Chang Phuek, A. Muang, Chiang Mai 50300, Thailand

Reference: Software, Knowledge, Information Management and Applications (SKIMA 2013) pp. 437 - 442

Abstract/Summary: Financial management is a significant section in affiliated universities. There is an important cost type that should be emphasized but in most cases there is no attention on it. It is the waste cost resulting from students who drop out from the university. This generates teaching and learning costs for the universities without any benefits in return. The waste cost model with activity-based costing (ABC) concept should be created for the purpose of cost management with more efficiency. Therefore, it is necessary to understand the correct technical terms in ABC concept among different fields of participants. Taxonomy is used as the tool to describe them. The results showed that there are gaps of understanding in terminologies among participants. These results are valuable for creating a student waste cost model afterwards.

Order a copy of this article