Notice of RetractionA novel cost management mode and framework for railway construction enterprises

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Railway construction enterprises are facing with sharp market competition. Cost management is the key to the competition ability of railway construction enterprises. Resource Consumption Accounting and Lean Cost Management are new emerging things. Firstly, the characteristics of Resource consumption accounting and Lean Cost Management are analyzed in this paper. Then, the interrelationship among the current cost management methods is also discussed. This paper draws the conclusion that all the cost management methods aim at achieving the enterprise´ cost management objective, cost management methods form a unified whole through the formation, decomposition and realization of cost management target on historical evolution standpoint. Furthermore, a new cost management mode is constructed based on the Resource consumption accounting and Lean Cost Management methods. The mode combines the application of a variety of cost- management methods. Finally, the proposed cost management model-based application framework in the railway construction enterprises is explored. Practice shows that our cost management model comes up to the requirements of railway construction enterprises.