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Measurement of impact of selected industrial engineering practices on companies’ economic performance

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dc.title Measurement of impact of selected industrial engineering practices on companies’ economic performance en
dc.contributor.author Rajnoha, Rastislav
dc.contributor.author Gálová, Kateřina
dc.contributor.author Rózsa, Zoltán
dc.relation.ispartof Inzinerine Ekonomika-Engineering Economics
dc.identifier.issn 1392-2785 OCLC, Ulrich, Sherpa/RoMEO, JCR
dc.date.issued 2018
utb.relation.volume 29
utb.relation.issue 2
dc.citation.spage 176
dc.citation.epage 187
dc.type article
dc.language.iso en
dc.publisher Kaunas University of Technology
dc.identifier.doi 10.5755/j01.ee.29.2.19871
dc.relation.uri http://www.inzeko.ktu.lt/index.php/EE/article/view/19871
dc.subject Industrial Engineering en
dc.subject Economic Performance en
dc.subject Lean Production en
dc.subject Lean Six Sigma en
dc.subject Standardization en
dc.subject 5S en
dc.subject JIT en
dc.description.abstract Industrial engineering (IE) represents a significant tool how to eliminate waste in both manufacturing and other areas of the enterprise. This helps reduce costs, increase production effectiveness and other characteristics, which can lead to better competitiveness and performance. Finding IE methods that have significant impact on overall business performance is the main purpose of this paper. Another objective was to determine whether the impact of industrial engineering methods applies to all industries in the Czech Republic or whether it applies only to selected industries. The data was obtained through an online questionnaire survey, the survey focused on a wide range of manufacturing companies (N=235) from different industries, different sizes and ages. For comparing the overall business performance among individual respondents, a ROE 1 (Return on Equity) indicator was selected. To measure this indicator from the impact of the tax, investment and credit policy, a modified ROE indicator (ROE 2 calculated first with EBITDA - Earnings before Interest, Taxes, Depreciation and Amortization and then ROE 3 calculated with EBIT - Earnings before Interest and Taxes) was used. The results show that the use of IE methods in manufacturing plants is limited to a few selected methods. Similarly, only a few industrial engineering methods are typically used in high performance firms and can therefore be said to be involved in increasing performance. The statistically significant relationship between specific IE method and the higher performance measured by ROE 1 or ROE 2 was observed only for standardization, 5S, JIT, APS and six sigma. Presented research also shows that this influence of methods does not apply to individual IE methods globally in all the sectors studied, but only in some of them. en
utb.faculty Faculty of Management and Economics
dc.identifier.uri http://hdl.handle.net/10563/1007929
utb.identifier.obdid 43878284
utb.identifier.scopus 2-s2.0-85046807272
utb.identifier.wok 000431337900005
utb.source j-wok
dc.date.accessioned 2018-05-18T15:12:09Z
dc.date.available 2018-05-18T15:12:09Z
dc.description.sponsorship Internal Grant Agency of FaME TBU [IGA/FaME/2017/015]; GAAA - Grantova agentura Akademicke aliance Grant [GAAA 3_2/2016]
utb.contributor.internalauthor Rajnoha, Rastislav
utb.contributor.internalauthor Gálová, Kateřina
utb.wos.affiliation [Rajnoha, Rastislav] Pan European Univ, Tomasikova 20, SK-82102 Bratislava, Slovakia; [Galova, Katerina] Tomas Bata Univ Zlin, Nam TG Masaryka 5555, CZ-76001 Zlin, Czech Republic; [Rozsa, Zoltan] Sch Econ & Management Publ Adm Bratislava, Furdekova 16, Bratislava 85104 5, Slovakia
utb.scopus.affiliation Faculty of Economics and Business, Pan-European University, Tomasikova 20, Bratislava, Slovakia; Department of Industrial Engineering and Information Systems, Faculty of Management and Economics, Tomas Bata University in Zlin, nam. T. G. Masaryka 5555, Zlin, Czech Republic; Department of Management, School of Economics and Management in Public Administration in Bratislava, Furdekova 16, Bratislava 5, Slovakia
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