An analysis of selected benchmarks and evaluation methods to test the replacebility of mathematical-statistical methods in benchmarking by solvency and bankruptcy models: A case study in assessing gravel-sand mining companies in the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27350%2F19%3A10242158" target="_blank" >RIV/61989100:27350/19:10242158 - isvavai.cz</a>
Result on the web
<a href="http://www.potopk.com.pl/archiwum.html" target="_blank" >http://www.potopk.com.pl/archiwum.html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.29227/IM-2019-01-53" target="_blank" >10.29227/IM-2019-01-53</a>
Alternative languages
Result language
angličtina
Original language name
An analysis of selected benchmarks and evaluation methods to test the replacebility of mathematical-statistical methods in benchmarking by solvency and bankruptcy models: A case study in assessing gravel-sand mining companies in the Czech Republic
Original language description
Benchmarking is a useful managerial tool to identify opportunities in order to improve the efficiency and effectiveness of a company via the application of benchmarks to assess and compare the company efficiency with the leader in the field or other selected companies. For this reason, it is vital to conveniently select the different benchmarks and adequate methods for the evaluation. Having benchmarked five selected mining companies exploiting gravel-sand in the Czech Republic, CEMEX Sand, k.s., Českomoravský štěrk, a. s., LB MINERALS, s.r.o., CEMEX Cement, s.r.o., and ZEPIKO, spol. s r.o., the article aims to consider mutual replacebility of mathematical-statistical methods used for evaluation in benchmarking. Next, it verifies the agreement in results rendered by the solvency and bankruptcy models and those rendered by mathematical-statistical methods. We used eleven benchmarks (EBITDA, ROA, ROS, WACC, Quick ratio, Total assets turnover, Net working capital turnover ratio, Interest coverage, Altman's model, Index IN05, and Taffler's model), and seven evaluation methods. The research study shows that the majority of the examined benchmarking methods may be mutually replaced. Based on the results, we determined two groups of methods, out of which one method may be chosen and mutually combined with a method from the other group, and vice versa. The first group contains the Rank ordering weighting method, Point allocation method, Standardised variable method, Method of the distance from a fictitious object, Weighted sum method and TOPSIS method. The second group contains Weighted average method. The research also proves that selected benchmarks, such as Altman's model and Taffler's model, may be used on their own.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50204 - Business and management
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2019
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Inżynieria Mineralna
ISSN
1640-4920
e-ISSN
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Volume of the periodical
43
Issue of the periodical within the volume
1
Country of publishing house
PL - POLAND
Number of pages
12
Pages from-to
315-326
UT code for WoS article
000480430100053
EID of the result in the Scopus database
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