EVALUATION OF TRANSPORTATION AND STORAGE EFFICIENCY IN SERBIA BASED ON RATIO ANALYSIS AND THE OCRA METHOD

Radojko Lukic () and Blazenka Hadrovic Zekic ()
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Radojko Lukic: Faculty of Economics, Belgrade, Serbia
Blazenka Hadrovic Zekic: Faculty of Economics in Osijek, J.J. Strossmayer University of Osijek, Croatia

Business Logistics in Modern Management, 2021, vol. 21, 189-200

Abstract: Over the recent years, multi-criteria analysis has been increasingly used in addition to ratios to measure a company's performance and efficiency. With this in mind, the paper analyzes the efficiency of transportation and storage sector in Serbia using ratio analysis and, in particular, the OCRA method. Adequate measures are proposed to improve the efficiency of this sector in the future. The results of empirical research using this methodology indicate that the efficiency of transportation and storage sector in Serbia has significantly improved recently. The highest efficiency was recorded in 2018. In order to increase the efficiency of the transport and storage sector in Serbia in the future, it is necessary to manage human capital, assets, capital, sales and profits as efficiently as possible. The "green economy", the application of the concept of sustainable development and the digitalization of the entire business play a significant role in this.

Keywords: efficiency; transportation and storage; Serbia; determinants; ratio analysis; OCRA method (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:osi:bulimm:v:21:y:2021:p:189-200

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