EMPIRICAL STUDY FOR THE VALIDATION OF A MATHEMATICAL MODEL TO MEASURE CORPORATE PERFORMANCE IN MANUFACTURING, ESTUDIO EMPIRICO PARA LA VALIDACION DE UN MODELO MATEMATICO QUE MIDE EL DESEMPENO CORPORATIVO EN INDUSTRIAS MANUFACTURERAS

Elizabeth Eugenia Diaz Castellanos, Carlos Diaz Ramos, Luis Alberto Barroso Moreno and Beatriz Pico Gonzalez

Revista Global de Negocios, 2016, vol. 4, issue 1, 21-33

Abstract: In recent years there have been various concepts of improvement initiatives that promise results through superior performance. They create value for the organization. For this reason there has been increased interest in studying the process of implementing improvement strategies in organizations; Improvement strategies lead companies to align their strategies with performance indicators. However, there is little in the literature about how to optimize correlational models, i.e. models involving multiple variables simultaneously. The main purpose of this paper is to identify corresponding weights for the construction of a mathematical model capable of measuring corporate performance in manufacturing firms. We also compare the results obtained by applying multivariate statistical techniques to validate the model. Results show validity of the mathematical model was obtained, which makes possible its application in manufacturing enterprises

Keywords: Delphi Method; Analytic Hierarchy Process (AHP); Multivariate Statistical Techniques (search for similar items in EconPapers)
JEL-codes: C38 M15 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ibf:rgnego:v:4:y:2016:i:1:p:21-33

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