Error Correction Model for the Service Company
Purpose of this applicative project research was the identification and analysis of the key performance indicators (KPIs’) which significantly contribute to the benefits of the business processes exploitation in the Port of Luka Koper, d. d. With this case study we attempted to get deeper understanding, and to clarify and evaluate the causalities between enablers and results. For this purpose we developed a single equation microeconomic Error Correction Model (ECM) with the Engle–Granger (1987) two step method. With the ECM approach we performed application on the KPIs and estimated short and long term effects between them. Final ECM indicates that that there is a lot of nonlinearity at the microeconomic level between KPIs and that a two step method should be used for the time series (KPIs) analyses at the microeconomic level and for forecasting. From the literature review is evident that this kind of approach is not used very often with exception for the macroeconomic level. Longterm framed qualitative and quantitative analyses indicate the benefit of the identificated KPIs’ and their influence on the fulfilment of the strategic directions.
|This chapter was published in: Aleksander Janes , , pages 373-381, 2012.|
|This item is provided by International School for Social and Business Studies, Celje, Slovenia in its series Knowledge and Learning: Global Empowerment; Proceedings of the Management, Knowledge and Learning International Conference 2012 with number 373-381.|
|Contact details of provider:|| Web page: http://www.issbs.si|
When requesting a correction, please mention this item's handle: RePEc:isv:mklp12:373-381. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Alen Ježovnik)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.