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Tomasz Pisula, Grzegorz Mentel and Jacek Brożyna


The article focuses on assessing the effectiveness of a non-statistical approach to bankruptcy modelling in enterprises operating in the logistics sector. In order to describe the issue more comprehensively, the aforementioned prediction of the possible negative results of business operations was carried out for companies functioning in the Polish region of Podkarpacie, and in Slovakia. The bankruptcy predictors selected for the assessment of companies operating in the logistics sector included 28 financial indicators characterizing these enterprises in terms of their financial standing and management effectiveness. The purpose of the study was to identify factors (models) describing the bankruptcy risk in enterprises in the context of their forecasting effectiveness in a one-year and two-year time horizon. In order to assess their practical applicability the models were carefully analysed and validated. The usefulness of the models was assessed in terms of their classification properties, and the capacity to accurately identify enterprises at risk of bankruptcy and healthy companies as well as proper calibration of the models to the data from training sample sets.

Open access

Izabela Kotowska

. Journal Of Maritime Research, 9(3). pp. 45-54. CHEN, K., YANG, Z., NOTTEBOOM, T. (2014). The design of coastal shipping services subject to carbon emission reduction targets and state subsidy levels. Transportation Research Part E: Logistics and Transportation Review. 61. pp. 192-211. ERIKSEN, K. S. (2000). Calculating external costs of transportation in Norway. European Journal of Transport and Infrastructure Research. pp. 9-25. EUROSTAT DATABASE (2013). Victims in road accidents by NUTS 2 regions [tran_r_acci] Ex ante

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Agata Żółtaszek and Renata Pisarek

). Efficient use of airport capacity. Transportation Research Part A , 39 , 228–238. Fitzgerald, P. (2011). In defense of the nationality of aircraft. Annals of Air and Space Law , 87 . Gillen, D., Lall, A. (1997). Developing measures of airport productivity and performance: an application of data envelopment analysis. Transportation Research Part E: Logistics and Transportation Review , 33 (4), 261–273. Gillen, D., Waters II, W.G. (1997). Introduction. Airport performance measurement and airport pricing. Transportation Research Part E: Logistics

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Õnnela Paas, Karin Reinhold, Jelena Hartšenko and Piia Tint

References Abrahamsen, E. B., Aven, T., and Roed, W., 2009. Communication of cost-effectiveness of safety measures by use of a new visualizing tool. Reliability & Risk Analysis: Theory & Applications, 2(December), 38-46. AbsConsulting, 2005. Root Cause Analysis Handbook: A Guide to Effective Incident Investigation. Brookfield, CT: Rothstein Associates Inc. Angew, J. L., and Snyder, G., 2002. Removing obstacles to safety: Performance management Publications. Ballou, R. H., 1992. Business Logistics

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Agata Pszczółkowska, Zdzisława Romanowska-Duda, Wiktor Pszczółkowski, Mieczysław Grzesik and Zofia Wysokińska

Biomass Supply Analysis and Logistics Model (IBSAL), “Biomass and Bioenergy”, 30: 838-847 Stolarski M. (2003), Wszystko o wierzbie (Everything about the willow) , „Czysta Energia (Clean Energy)”, 10: 32-33 Stolarski M., Szczukowski S., and Tworkowski J. (2007), Ocena produktywności wierzby (Salixspp.) pozyskiwanej w krótkich rotacjach w dolinie dolnej Wisły (Assessment of the productivity ofthe willow (Salix spp.) in short-rotation in the lower Vistula River valley), Biomasa dlaelektroenergetyki i ciepłownictwa (Biomass for Power and

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Oleg Mariev, Igor Drapkin and Kristina Chukavina

References ALI, F. A., N. FIESS, R. MACDONALD. (2010). Do Institutions Matter for Foreign Direct Investment? Open Economies Review, Volume 21, Issue 2, pp. 201-219. AFRICANO, A. (2005). FDI and Trade in Portugal: a gravity analysis. Research Work in Progress. №174. P. 1-24. AZEEM, S., HUSSAIN, H., HUSSAIN, R. (2012). The determinants of foreign investment in Pakistan: a gravity model analysis. Log Forum. Scientific Journal of Logistics. 8 (2). P. 81-97. BALDWIN, R., DI NINO, V. (2006). Euros and

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Osayuwamen Omoruyi

, A. 2011. A structural equation model assessment of logistics strategy. The International Journal of Logistics Management, 22(3), 284-305. Kussing, U., Pienaar, W.J. 2016. Product returns and reverse logistics management. In Vogt, P. 2016. Business Logistics Management . 5th Ed. Cape Town, South Africa: Oxford. Ilker E., Sulaiman A., Musa, R., Sunusi A. 2016. Comparison of convenience sampling and purposive sampling. American Journal of Theoretical and Applied Statistics , 5(1), 1-4. Lia, S., Ragu-Nathanb, B., Ragu-Nathanb, T.S., Raob, S. 2006

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Aleksandra Anđelković, Nada Barac and Goran Milovanović

, Industrial Marketing Management, 29 (1): 37 - 44. Christopher, M., Peck, H. (2004) Building the Resilient Supply Chain, International Journal of Logistics Management, 15 (2): 1-30. Coutu, D. (2002) How resilience works, Harvard Business Review, 80 (5): 46-51. Craighead, C., Blackhurst, B., Rungtusanatham, M. & Handfield, R. (2007) The severity of supply chain disruptions: design characteristics and mitigation capabilities, Decision Sciences, 38 (1): 131-156. Donga, G.(2006) Motives and Partner Selection

Open access

Reza Mohammady Garfamy

References Blomqvist, K., Kyläheiko, K., & Virolainen, V.M. (2002). Filling a gap in traditional transaction cost economics: Towards transaction benefitsbased analysis. International Journal of Production Economics , 79 (1), 1-14. Chandra, C., & Kumar, S. (2000). An application of a system analysis methodology to manage logistics in a textile supply chain. Supply Chain Management: An International Journal , 5 (5), 234-245. Chen, I.J., & Paulraj, A. (2004). Towards a theory of supply chain

Open access

Aleksandra Anđelković, Nada Barac and Marija Radosavljević

for measuring and improving efficiency in distribution channels. International Journal for Traffic and Transport Engineering, 6 (2), 137-148. Andrejić, M. M. (2015). Modeli merenja i unapređenja efikasnosti logističkih procesa distribucije proizvoda [Models for measuring and improving eficiency of logistics processes in product distribution]. Ph.D. Thesis. Faculty of transport and traffic engineering, University of Belgrade. Basket, E. (2016). Handbook on the Economics of Retailing and Distribution. Cheltenham: Edward Elgar Publishing. Berzkalne, I