Abstract
The automotive industry has lately been undergoing major changes having a considerable impact on the whole vehicle sector. This does not only refer to what is technologically new on vehicles themselves, but also to the new modern management methods, frequently associated with the Industry 4.0 concept. As well as other companies, car factories are pushing their costs downwards to increase their production efficiency. This paper analyses the economic situation of 5 car manufacturers, two of which having their factories in the Czech Republic and three in Germany. The task was to ascertain efficiency of individual companies in order to propose possible improvements. To do this, the Data Envelopment Analysis (DEA) for two models (CCR - model based on Charnes, Cooper & Rhodes and BCC - model based on Banker, Charnes & Cooper) was used. The BCC model was found to be more applicable to the established efficiencies, than the CCR one.
Highlights
The automotive industry brings a number of innovation processes and methods - from the manufacturing process and selection of supplier companies to management systems and the customer orientation
The relationship between earnings after taxes (EAT) and fixed assets is the absolute statistical independence. This means that EAT do not initiate any change in fixed assets and vice versa
The Data Envelopment Analysis (DEA) method was applied to verify efficiency of selected accounting units focusing on the production activity, or more precisely, the undertakings in automotive industry
Summary
The automotive industry brings a number of innovation processes and methods - from the manufacturing process and selection of supplier companies to management systems and the customer orientation. From the quality assurance aspect, these processes are at the top of efficiency of individual processes as the safety of motorised vehicles is strongly emphasized. Most of these activities are related to the Industry 4.0 strategy within the innovation processes. Individual activities, demonstrating a certain degree of repetition and simplicity, are computerized based on the control processes This way, the human factor is being replaced by the robotic work. This concept considerably changes the powers on the market, giving a huge market advantage to those undertakings, which are able to put the Industry 4.0 concept in place. These companies save their time and money, while increasing their efficiency
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
