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Assessing Outsourced Distribution Channels

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F68407700%3A21630%2F18%3A00323173" target="_blank" >RIV/68407700:21630/18:00323173 - isvavai.cz</a>

  • Result on the web

    <a href="http://dx.doi.org/10.5709/ce.1897-9254.267" target="_blank" >http://dx.doi.org/10.5709/ce.1897-9254.267</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.5709/ce.1897-9254.267" target="_blank" >10.5709/ce.1897-9254.267</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Assessing Outsourced Distribution Channels

  • Original language description

    We respond to recent failed initiatives of the Czech banking market to develop business models for the sale of retail deposit products, based on third-party distribution channels. We argue that the issue is the application of inappropriate capital budgeting methods. While static cost-benefit analysis seems to be generally appropriate for conventional banking projects based on branching or internet, they provide grossly misleading estimates of commissioning expenses, which can lead to completely unrealistic project assessments and poorly designed commission schedules. Alternatively, we derive a dynamic model based on statistical simulation (Monte Carlo) and using a real-life case study to illustrate the impacts of particular value drivers on commissioning costs. Our analysis shows that conventional and simulation-based budgeting generates inverse cost functions over time, and the difference becomes operationally tangible in the second and third year of the project, which is commensurate with the apparent timing of the bank’s business strategy revisions. To fulfill the goal of this paper, we demonstrate that statistical simulation is an expedient tool for managerial support and capital budgeting in cases where value drivers are impacted by non-linear dynamic processes.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database

  • CEP classification

  • OECD FORD branch

    50206 - Finance

Result continuities

  • Project

  • Continuities

    I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Others

  • Publication year

    2018

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Contemporary Economics

  • ISSN

    2084-0845

  • e-ISSN

  • Volume of the periodical

    12

  • Issue of the periodical within the volume

    2

  • Country of publishing house

    PL - POLAND

  • Number of pages

    10

  • Pages from-to

    129-138

  • UT code for WoS article

    000437546500001

  • EID of the result in the Scopus database

    2-s2.0-85049436546