Implementing Control Charts to Corporate Financial Management

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Implementing Control Charts to Corporate Financial Management

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Implementing Control Charts to Corporate Financial Management

Popis výsledku anglicky

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.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

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OECD FORD obor

50206 - Finance

Projekt

<a href="/cs/project/EE2.3.20.0147" target="_blank" >EE2.3.20.0147: Rozvoj lidských zdrojů v oblasti výzkumu měření a řízení výkonnosti podniků, klastrů a regionů</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název periodika

WSEAS Transaction on mathematics

ISSN

1109-2769

e-ISSN

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Svazek periodika

13

Číslo periodika v rámci svazku

13

Stát vydavatele periodika

US - Spojené státy americké

Počet stran výsledku

10

Strana od-do

246-255

Kód UT WoS článku

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EID výsledku v databázi Scopus

2-s2.0-84927556561