Financial Audit with Computer Simulation Programme of Significant Equipment Life Cycle, Long-Term Value Analytics with Computer Programming (Case Study: 70KA Cooled Water Cables Financial Assessment of Electrical Arc Furnace).

Seyed Farid (Saint Francis) Sadrizadeh¹ Nahid Hashemian Bojnord² Seyed Hadi Hashemian³ Elaheh Alsadat Hashemian⁴

1) Bandar Abbass Unit, Islamic Azad University, Bandar Abbass, Iran (Corresponding author).
2) Assistant Professor of Industrial Engineering Group, Engineering Faculty, KHAYYAM University, Mashhad, Iran.
3) MBA, BSc. in Mine Engineering, Justice Expertise, Islamic Azad University, Mashhad, Iran.
4) BSc. in Law, Law Faculty, Islamic Azad University, Mashhad, Iran.

IOI Code : XDFK-GZAGG
Publication : The 7th International Conference on Technology and Energy Management(ieanc2021.ir)
Abstract :
    This research, long term value of cost for 70KA water cooled cable maintenance activity calculate with computer simulation cost between 2021 to 2050 and financial analysis software programming. Long-Term meaning is 30 years that total life cycle remainder of life cycle of a steel manufacture. Long term value of cost name NPV* or net present value of cost in 2020 decision year. NPV*2020 is main attribute financial analysis what consist of 5 sub index, reactive opportunity cost, equipment cost, maintenance HR cost, freight-insurance cost, ordering cost, holding (stock) cost. This financial assessment model has been making ROA (real option analysis) as accurately as possible will has estimated forecast of cost in future along activity life cycle. Five ROs is defined what RO2 is normally and base comparatively. RO5 will maintain optimized. RO1 & RO2 effect of optional maintenance strategy plann on long-term value of cost (NPV*). Also RO3 will show maintenance schedule and time management of reactive maintenance how will make value formula as significant part of cost extremely. RO4 is role accounting system and tax on audit objectives & reports for management decisions. Finally RO5 will form the foundation of cost that change of equipment price what weight will have on value of cost. Consequently weight of sub index on NPV* will have been demonstrating obviously what cable price is about 50%, opportunity cost of reactive maintenance schedule is nearly 20% to 30%, maintenance HR pays will have 23% to 30% and freight, ordering, holding costs will be inconsiderable mostly.

Keywords : financial audit business analytics value engineering computer simulation life cycle maintenance strategy