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Tomasz Pisula, Grzegorz Mentel and Jacek Brożyna

Abstract

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.

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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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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

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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

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Valentas Gružauskas and Mantas Vilkas

Firms Can Transform Trade-Offs Into Win-Win Outcomes. Business Strategy and the Environment, 23(1), 18-37. http://doi.org/10.1002/bse.1758 Berle, Ø., Norstad, I., & Asbjørnslett, B. E. (2013). Optimization, risk assessment and resilience in LNG transportation systems. Supply Chain Management: An International Journal, 18(3), 253-264. http://doi.org/10.1108/SCM-03-2012-0109 Bosona, T. G., & Gebresenbet, G. (2011). Cluster building and logistics network integration of local food supply chain. Biosystems Engineering, 108(4), 293

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Sergejs Paramonovs and Ksenija Ijevleva

quality and productivity changes: A Malmquist index decomposition assessment. Transportation Research Part E: Logistics and Transportation Review, 58, 67-75. http://dx.doi.org/10.1016/j.tre.2013.07.001 Dolnicar, S., Grabler, K., Grün, B., & Kulnig, A. (2011). Key drivers of airline loyalty. Tourism Management, 32 (5), 1020-1026. http://dx.doi.org/10.1016/j.tourman.2010.08.014 Fernandes, E., & Pacheco, R. R. (2002). Efficient use of airport capacity. Transportation Research Part A, 36 (3), 225-238. http://dx.doi.org/10.1016/s0965

Open access

Akram Akoel and Ryszard K. Miler

References Brzozowska A., Miler R. (2017). Implementation of the Green Shipping Practices as an element of the maritime transport restructuring processes, [in:] Jaki A., Rojek T. (eds.), Contemporary issues and challenges of the organization management process, Foundation of the Cracow University of Economics, Cracow, 195–209. Corbett J.J., Winebrake J.J., Green, E.H., Kasibhatla P., Eyring V., Lauer A. (2007). Mortality from ship emissions: A global assessment, Environmental Science & Technology . Corbett, J.J. (2003). New directions

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Betim Retkoceri and Rinor Kurteshi

. [4] Bartelsman, E., Scarpetta, S. and Schivardi, F. (2005). Comparative analysis of firm demographics and survival: evidence from micro-level sources in OECD countries. Industrial and corporate change, 14(3), 365-391. [5] Blind, K. (2012). The influence of regulations on innovation: A quantitative assessment for OECD countries. Research policy, 41(2), 391-400. [6] Bornay-Barrachina, M., De la Rosa-Navarro, D., López-Cabrales, A. and Valle-Cabrera, R. (2012). Employment Relationships and Firm Innovation: The Double Role of Human Capital. British