Notice of RetractionStudy of the material cost calculation method based on material track in iron and steel 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.

To solve the problem of inaccuracy of goods´ material cost resulted from the disjunction of stock-out material and actual consumption in iron and steel enterprises, the model of material cost calculation based on production material track is built. It makes balance of stock-out material and actual material used by products in accordance with status of the material flow to increase accuracy of the goods´ material cost. The algorithm which transfers the consumption data of production task to the statistics material information for cost objects is provided to increase the accuracy of material data about cost objects. The algorithms are studied to rationally allocate variances in quantity and price of stock-out and actual consumption material in the products. That improves rationality of the product cost and provides the method for controlling stock in iron and steel enterprises.