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Overall Equipment Effectiveness within Counterfactual Impact Evaluation Concept

Author

Listed:
  • Rylková Žaneta

    (Department of Business Economics and Management, Silesian University in Oprava, School of Business Administration in Karvina, Czech Republic)

  • Stelmach Karel

    (Department of Business Economics and Management, Silesian University in Oprava, School of Business Administration in Karvina, Czech Republic)

  • Vlček Petr

    (Department of Business Economics and Management, Silesian University in Oprava, School of Business Administration in Karvina, Czech Republic; e-mail:)

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)”.

Suggested Citation

  • Rylková Žaneta & Stelmach Karel & Vlček Petr, 2017. "Overall Equipment Effectiveness within Counterfactual Impact Evaluation Concept," Scientific Annals of Economics and Business, Sciendo, vol. 64(s1), pages 29-40, December.
    • Handle: RePEc:vrs:aicuec:v:64:y:2017:i:s1:p:29-40:n:4
    DOI: 10.1515/saeb-2017-0037
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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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