Publication details
Měření ekonomické efektivnosti podniků: Praxe průmyslových podniků v ČR
| Title in English | Measuring of Economic Efficiency of a Company: Practice of Industrial Companies in the Czech Republic |
|---|---|
| Authors | |
| Year of publication | 2012 |
| Type | Article in Proceedings |
| Conference | Hradecké ekonomické dny 2012 |
| MU Faculty or unit | |
| Citation | |
| Field | Management and administrative |
| Keywords | Efficiency; revenues; costs; oportunity costs; profi |
| Description | The aim of this article is construction of economic efficiency of industrial enterprises in the Czech Republic, ie. to measure effectiveness and express it by one number. Starting points are derived from neo-classical model theory of the firm. Maximum efficiency dependents on the function of the total revenue and total cost, therefore, these variables were modeled alternatively. The function of income was considered in the linear and quadratic version and the cost function was considered in the linear version and as the third-degree polynomial. These functions were the basis for the construction of indexes of economic efficiency. |