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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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&apos;s model, Index IN05, and Taffler&apos;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&apos;s model and Taffler&apos;s model, may be used on their own.

Název v anglickém jazyce

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

Popis výsledku anglicky

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&apos;s model, Index IN05, and Taffler&apos;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&apos;s model and Taffler&apos;s model, may be used on their own.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

50204 - Business and management

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2019

Kód důvěrnosti údajů

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

Název periodika

Inżynieria Mineralna

ISSN

1640-4920

e-ISSN

—

Svazek periodika

43

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

12

Strana od-do

315-326

Kód UT WoS článku

000480430100053

EID výsledku v databázi Scopus

—