Open Access Journal

Manuscript submission

Volume 73 (2022), issue 1
Title:

Analysis of Operational Efficiency of Wooden Chair Manufacturing Companies in Serbia using DEA

Research subject and fields:
Abstract:

This paper deals with the operational efficiency of companies engaged in the production of wooden chairs using selected statistical and DEA (Data Envelopment Analysis) methods. Indicators that typically characterise the supply chain in the production of selected companies were taken as input and output variables for the DEA method. They included three input variables: inventories, material costs and production services costs and one output variable: company’s net profit. The obtained coefficients of correlation pointed to a high degree of correlation between the variables, which justified the performance of an efficiency analysis using the DEA method. The study included 12 companies engaged in the production of wooden chairs. The results of the conducted analyses show that only one company had a relatively satisfactory operational efficiency (efficiency coefficient of 0.83) for the nine-year period. All other companies, especially micro and small enterprises, had unsatisfactorily low operational efficiency. Micro enterprises had the lowest operational efficiency, with an efficiency coefficient of only 0.14. Small enterprises reached the value of 0.3, and large companies 0.67. Medium companies had the most favourable efficiency coefficient of up to 0.83.

Publisher

Faculty of Forestry and Wood Technology
HRCAK
ORCID
DOI
CROSSREF

DRVNA INDUSTRIJA Scientific Journal of Wood Technology

ISSN 0012-6772 (Print) / ISSN 1847-1153 (Online)

Faculty of Forestry and Wood Technology University of Zagreb, Svetošimunska 25, 10000 Zagreb, Hrvatska - Croatia
Tel. (+385 1) 235 24 30, E-mail: drind@sumfak.hr
Editor-in-Chief: Prof. Ružica Beljo-Lučić, Ph.D. E-mail: editordi@sumfak.hr