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Journal of Humanities, Arts and Social Science

ISSN Print: 2576-0556 Downloads: 477484 Total View: 3655400
Frequency: monthly ISSN Online: 2576-0548 CODEN: JHASAY
Email: jhass@hillpublisher.com
Article Open Access http://dx.doi.org/10.26855/jhass.2023.10.010

Research on Cost-benefit Control of Small and Medium-sized Railway Transportation Service Providers Industry

Yuanxun Cao*, Jinsun Lee

Woosong University, Daejeon, South Korea.

*Corresponding author: Yuanxun Cao

Published: November 24,2023

Abstract

One of the significant operational distinctions between small and medium-sized railway transportation service providers in China and China Railway Corporation is that small and medium-sized transportation service providers are entirely market-oriented enterprises accountable for their own financial gains and losses. To achieve the goal of maximum benefit, it is necessary to implement fully market-oriented and cost-effective control measures and methods. Combined with the characteristics of small and medium-sized railway transportation service providers, this study analyzes the income management of these providers using the cost-volume-profit method. The main analysis includes profit balance analysis, target profit analysis, and sensitivity analysis. Based on the findings, decision-making indicators are provided for small transportation service providers in the railway medium- and small-scale transportation sector to focus on. And based on ensuring the scientific, reasonable, objective, and fair nature of the model, a benefit assessment method is constructed for small and medium-sized railway transport service providers. This method is based on the multi-level gray model.

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How to cite this paper

Research on Cost-benefit Control of Small and Medium-sized Railway Transportation Service Providers Industry

How to cite this paper: Yuanxun Cao, Jinsun Lee. (2023) Research on Cost-benefit Control of Small and Medium-sized Railway Transportation Service Providers Industry. Journal of Humanities, Arts and Social Science7(10), 1974-1977.

DOI: http://dx.doi.org/10.26855/jhass.2023.10.010