Proposing an Agile Strategy for a Steel Industry Supply Chain Through the Integration of Balance Scorecard and Interpretive Structural Modeling

Tizroo, Ali; Esmaeili, Ahmad; Khaksar, Ehsan; Šaparauskas, Jonas; Mozaffari, Mohammad Mahdi

doi:10.3846/16111699.2017.1279683

Cited by 10 publications

(7 citation statements)

References 69 publications

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“…Business performance measurement is a topical issue in strategic management, and thus more research regarding this topic can be expected (Tizroo et al, 2017;Petera, Wagner, & Menšík, 2012;Horváthová et al, 2014;Becerra-Alonso, Androniceanu & Georgescu, 2016;Łakomy-Zinowik& Horváthová, 2016;Gumbus & Lussier, 2006). Enterprises are largely managed through financial indicators, but the current trend is showing the increasing importance of non-financial measurers, too.…”

Section: Resultsmentioning

confidence: 99%

Non-Financial Indicators and Their Importance I

Dobrovič¹,

Lambovska²,

Gallo³

et al. 2018

JOC

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Measuring enterprise performance plays an important role in maximizing business efficiency. A modern business performance measurement tool is the Balanced Scorecard (BSC) method. This method helps assess not only the financial situation of the enterprise, but also indicators, and evaluates non-financial indicators, which is important for achieving the maximum competitiveness of the enterprise. This paper points out the importance of non-financial indicators in small and medium-sized enterprises in Slovakia, using the BSC method as a strategic management tool. Three hypotheses were established and then verified using the method of proportionality of the given phenomenon in the population and the chi-square test of independence. Apartial objective of the study was to find out the existence of a statistically significant link between the use of the BSC method and the importance of non-financial indicators in small and mediumsized enterprises in Slovakia, as the BSC method attaches the same importance to both financial and non-financial indicators. It has been shown that these two variables are related.

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Section: Resultsmentioning

confidence: 99%

Non-Financial Indicators and Their Importance I

Dobrovič¹,

Lambovska²,

Gallo³

et al. 2018

JOC

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“…Maintenance and repair costs are proportional to the distance traveled by the vehicles, so in this case, they are valued at EUR/km. The tolls for the different modes of transport are calculated according to different methodologies [48,50].…”

Section: Structure Of Indicators Of Functional Dependencies Between the Main Transport Processmentioning

confidence: 99%

“…For setting the goal, it used the pre-emptive priority goal programming modeling where a deviation from a higher priority level goal is considered to be infinitely more important than a deviation from a lower priority goal [50]. The quality of the freight process is determined by three key indicators: cost, time, and reliability, which also includes security.…”

Section: Setting the Goal Functionmentioning

confidence: 99%

The Model of Vehicle and Route Selection for Energy Saving

2021

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The World Bank, United Nations, the Organization for Economic Cooperation and Development, and others are in line with the governments of countries that are strongly interested in the sustainable development of countries, regions, and enterprises. One of the aspects that affects the indicators and prospects of sustainable development is the efficiency of energy source use. Nationwide reductions in the greenhouse gas emissions of motor vehicles could have a direct effect on ambient temperature and reducing the effects of global warming, which can affect future environmental, societal, and economic development. Significant reductions in fuel consumption can be achieved by increasing the efficiency of use, and the performance, of current cargo vehicles. This aspect is directly related to cargo delivery systems and supply chain efficiency and effectiveness. The article solves the problem of increasing the effectiveness of cargo delivery and proposes a model that would minimize transportation costs that are directly related to fuel consumption, shortening transportation time. The model addresses the problem of a lack of models evaluating the efficiency of cargo to Lithuania that is using several different modes of transportation. For the solution to this problem, the article examines the complexity of the rational use of land and water vehicles depending on the type of cargo transported, the technical capabilities of the vehicles (loading, speed, environmental pollution, fuel consumption, etc.), and the type (cars, railways, ships). The novelty of the findings is based on the availability to select the most appropriate vehicles, on a case-by-case basis, from the available options, depending on their environmental performance and energy efficiency. This model, later in this article, is used for calculations of Lithuanian companies for selecting the most rational vehicle by identifying the most appropriate route, as well as assessing the dynamics of the economic and physical indicators. The model allows for creating dependencies between the main indicators characterizing the transport process—the cost, the time of transport, and the safety, taking into account the dynamics of economic and physical indicators, that lead to a very important issue—reducing the amount of energy required to provide products and services.

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“…Agility provides to both internal and external efficiency for the companies. Tizroo, Esmaeili, Khaksar, Šaparauskas, and Mozaffari (2017) presents the agility factors for the steel industry supply chain and are grouped these factors within the four perspectives of the BSC. They suggested that agility related factors should be integrated and adopted into four perspectives to the BSC.…”

Section: Need For Agile Perspectivementioning

confidence: 99%

Dengeli Puan Karti Yapisinin Bankacilik Sektörü Için Genişletilmesi

Akman

Turan

2021

Endüstri Mühendisliği

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In today's business environment, competitive advantage is a crucial issue for companies. The Balanced Scorecard (BSC) has become prominent within recognized performance appraisal methods. Since the BSC transforms strategies to the actions, it embraces not only financial indicators but also non-financial indicators. Existing BSC containing four perspectives are not available for banks. Although the BSC is effective tool for companies, it is not dynamic and it is not sensitive to the variation. It is very slow to adapt rapid changing environment. This weakness of the method could be eliminated by adding risk and agile perspectives to current BSC structure. The aim of this study is to propose an expanded BSC structure for banks. In order to present interaction and relations of risk and agile perspectives with existing perspectives of BSC, fuzzy DEMATEL method is used. The fuzzy DEMATEL results indicate that risk is the most involved perspective within five perspectives.

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Proposing an Agile Strategy for a Steel Industry Supply Chain Through the Integration of Balance Scorecard and Interpretive Structural Modeling

Cited by 10 publications

References 69 publications

Non-Financial Indicators and Their Importance I

Non-Financial Indicators and Their Importance I

The Model of Vehicle and Route Selection for Energy Saving

Dengeli Puan Karti Yapisinin Bankacilik Sektörü Için Genişletilmesi

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