Implementing Control Charts to Corporate Financial Management
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F14%3A43871269" target="_blank" >RIV/70883521:28120/14:43871269 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
Implementing Control Charts to Corporate Financial Management
Original language description
In the paper, corporate financial management using statistical process control (SPC), especially Shewhart’s control charts operating with the constant mean, control charts with non-constant mean, and process capability indices will be introduced. The center line, UCL and LCL for the control charts will be defined with the regulated process not allowed to cross the UCL and LCL boundaries. Altman’s model (the so called Z-score), the most popular corporate financial stability index, will be used. We will demonstrate benefits of SPC on two case studies: the first will focus on corporate financial flow control, the second will include six companies. Special types of control charts, i.e., CUSUM and EWMA, will be discussed due to their mean shift sensitivity and practical applications demonstrated on additional two case studies. The results prove control charts can be successfully implemented not only in manufacturing processes but in corporate financial management as well.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50206 - Finance
Result continuities
Project
<a href="/en/project/EE2.3.20.0147" target="_blank" >EE2.3.20.0147: Development of Manpower in the Research Field of Performance Measurement and Operation, Companies, Clusters and Regions</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
WSEAS Transaction on mathematics
ISSN
1109-2769
e-ISSN
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Volume of the periodical
13
Issue of the periodical within the volume
13
Country of publishing house
US - UNITED STATES
Number of pages
10
Pages from-to
246-255
UT code for WoS article
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EID of the result in the Scopus database
2-s2.0-84927556561