MCDM Evaluation of Asset-Based Road Freight Transport Companies Using Key Drivers That Influence the Enterprise Value

Liachovičius, Edvardas; Skrickij, Viktor; Podviezko, Askoldas

doi:10.3390/su12187259

Cited by 14 publications

(8 citation statements)

References 26 publications

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“…Progressive mining enterprises are beginning to shape their mission in accordance with the concept of sustainable development. Social and environmental factors, as well as factors of automation of transportation and production processes, begin to influence decision making [38][39][40] at such enterprises. The systematic consideration of these factors is especially difficult when selecting a model of dump trucks for deep open pit conditions.…”

Section: Factors For Selecting a Dump Truck Modelmentioning

confidence: 99%

Multi-Criteria System’s Design Methodology for Selecting Open Pits Dump Trucks

Rakhmangulov,

Burmistrov,

Osintsev

2024

Sustainability

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The sustainable development and operation of mining enterprises as major sources of economic growth in many countries is determined by a balance of economic, environmental, and social objectives and the resources required to achieve these objectives. Transportation is one of the main equipment at open pits. It accounts for up to 70% of open pit operating expenses. Various parameters of transportation means should be coordinated both with the parameters of the open pit and meet the conditions of its operation. The authors have developed a universal system of criteria for selecting a dump truck model for open pit conditions. The novelty of the proposed system lies in the complex consideration of all known factors to date and criteria of dump truck selection and the allocation of four groups of criteria: technical, technological, environmental, economic, and organizational. The groups of criteria and specific criteria in each group were ranked by the degree of importance using the multi-criteria decision-making method FUCOM (Full Consistency Method). The methodology of creating criteria systems in conditions of influence on the choice of alternatives of a set of interrelated factors is presented. The peculiarity of the methodology is the evaluation of different sets of criteria by several groups of experts with different competencies. The obtained criterion ranks are recommended to be used by managers of mining enterprises to choose a dump truck model. The presented methodology is suitable for the development of new systems of criteria, considering significant changes in operating conditions or the emergence of factors not considered in this study. Evaluation of all models of dump trucks on the market using the developed system of criteria is envisaged by the authors in a future study.

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Section: Factors For Selecting a Dump Truck Modelmentioning

confidence: 99%

Multi-Criteria System’s Design Methodology for Selecting Open Pits Dump Trucks

Rakhmangulov,

Burmistrov,

Osintsev

2024

Sustainability

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“…In this investigation, of firms that deliver goods via road a nonmonetary factor that influences value Financial drivers and drivers Identified as the most significant after analysis. Methodological strategy and service proposed improving stakeholders and quality Increasing the degree of fulfilmentIn addition, investors of the company Increasing attractiveness and overall Increasing business sustainability By companies their Helps manage resources [16]. Transport companies, of course, ecological or financial and Their handling of the economic situation have their own specifications.…”

Section: Transport Companiesmentioning

confidence: 99%

Performance of Transport Companies using SPSS Statistical Analysis

2020

rmc

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A transport company is a from place-to-place A carrier of goods is the firm, which is the production value Important in the chain. Our content Effective, accurate and safe We have been able to confirm that there is We are doing everything. A transport company is from one place to another Carrying goods An entity is, it produces value Important in the chain. Our content Effective, accurate and safe We have been able to confirm that there is We are doing everything. Incidentally, on our website Inappropriate comment while browsing If you find it, let us know Use this form to let us know, We'll deal with that soon. Forgot your password Take it back. Transport Sector is people or things Provides moving services A variety of companies, as well Transport infrastructure. Technical Technically, transportation is Global industry classification of Industry as per Standard (GICS). is a subgroup. Department of Transport Logistics and Aviation, Airlines, Sea, Road and Rail and Transport Infrastructure It has many industries including These industries include aviation and Logistics, Airlines, Seaways, Railways, Trucks, Airport services, roads and Railways and Ports and of maritime services are divided into subsidiary industries. Except for railroads, in Code Now airlines, Trucks, Shipping, Delivery services and logistics are included. Oil prices A major factor in transportation is, Because the cost of raw materials is generally high Affects transportation costs.

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“…Road freight transport remains the dominant mode in the field of freight transportation (Liachovičius et al 2020). Despite its central role, the sector faces numerous challenges, including environmental concerns, political changes, and increasing competition, necessitating the development of innovative solutions.…”

Section: Introductionmentioning

confidence: 99%

Freight Rate and Demand Forecasting in Road Freight Transportation Using Econometric and Artificial Intelligence Methods

Liachovičius,

Šabanovič,

Skrickij

2023

Transport

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The digitisation of the transportation sector and data availability have opened up new opportunities to implement data-driven methods for improving company performance. This article analyses demand and freight rate forecasting techniques in the context of the road freight transportation company. The European market was analysed in this research, and direction from the Netherlands to Italy was selected for the case study. Performed investigation showed that econometric models such as Auto-Regressive Integrated Moving Average (ARIMA) used for demand prognosis provide good results. Freight rate forecasting is different; econometric models, including multivariate models ARIMA with exogenous variables (ARIMAX) and Seasonal ARIMAX (SARIMAX), do not perform satisfactorily under specified time intervals, therefore MultiLayer Perceptron (MLP) was used as a solution. It can be seen that Artificial Intelligence (AI) based methods provide better results. Despite its success, the AI-based approach alone is not recommended for practical implementation since forecasted input parameters are necessary. Lastly, the study uncovers a valuable insight. A strong correlation (0.86) between spot and contract rates was found, and the article shows how current spot rates can be used for contract rate forecasting.

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MCDM Evaluation of Asset-Based Road Freight Transport Companies Using Key Drivers That Influence the Enterprise Value

Cited by 14 publications

References 26 publications

Multi-Criteria System’s Design Methodology for Selecting Open Pits Dump Trucks

Multi-Criteria System’s Design Methodology for Selecting Open Pits Dump Trucks

Performance of Transport Companies using SPSS Statistical Analysis

Freight Rate and Demand Forecasting in Road Freight Transportation Using Econometric and Artificial Intelligence Methods

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