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Overall Equipment Effectiveness within Counterfactual Impact Evaluation Concept

Author

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  • Žaneta Rylková
  • Karel Stelmach
  • Petr VlÄ ek

Abstract

Counterfactual impact evaluation (CIE) is a scientific quantitative approach mainly based on experiments and quasi experiments. CIE is trying to prove a causal relationship between outputs and outcomes. CIE does not take into account coherence of external incentives of companies with internal incentives that have or may have an impact on the behaviour of enterprises. The paper sets up internal evaluation indicators for businesses, counterfactuals useful for creating a more complex metrics evaluating businesses in the area of performance. The aim of the paper is to present model situation using the elementary principle of counterfactual impact evaluation based on “the Overall Equipment Effectiveness (OEE)†. JEL Codes - M11; M21; M29

Suggested Citation

  • Žaneta Rylková & Karel Stelmach & Petr VlÄ ek, 2017. "Overall Equipment Effectiveness within Counterfactual Impact Evaluation Concept," Scientific Annals of Economics and Business (continues Analele Stiintifice), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 64(4), pages 29-40, December.
    • Handle: RePEc:aic:saebjn:v:64:y:2017:i:4:p:29-40:n:91
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    References listed on IDEAS

    as
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    2. Joshua D. Angrist & Alan B. Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Journal of Economic Perspectives, American Economic Association, vol. 15(4), pages 69-85, Fall.
    3. Duflo, Esther & Glennerster, Rachel & Kremer, Michael, 2008. "Using Randomization in Development Economics Research: A Toolkit," Handbook of Development Economics, in: T. Paul Schultz & John A. Strauss (ed.), Handbook of Development Economics, edition 1, volume 4, chapter 61, pages 3895-3962, Elsevier.
    4. Joshua Angrist & Alan Krueger, 2001. "Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments," Working Papers 834, Princeton University, Department of Economics, Industrial Relations Section..
    5. Wang, Huaidong & Gu, Yifan & Li, Liquan & Liu, Tingting & Wu, Yufeng & Zuo, Tieyong, 2017. "Operating models and development trends in the extended producer responsibility system for waste electrical and electronic equipment," Resources, Conservation & Recycling, Elsevier, vol. 127(C), pages 159-167.
    6. repec:fth:prinin:455 is not listed on IDEAS
    7. Paul J. Gertler & Sebastian Martinez & Patrick Premand & Laura B. Rawlings & Christel M. J. Vermeersch, . "Impact Evaluation in Practice, First Edition [La evaluación de impacto en la práctica]," World Bank Publications, The World Bank, number 2550, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    CIE; OEE; production process; business evaluation;
    All these keywords.

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M29 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Other

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