Performance Analysis of Public Enterprises in Serbia Based on PIPRECIA-S and MARCOS Methods
DOI:
https://doi.org/10.46793/Rev25110.001LKeywords:
public enterprises, performance analysis, PIPRECIA-S, MARCOS, SerbiaAbstract
By their nature, the operations of public enterprises are specific, as they provide services to both citizens and other entities. Evaluating their performance is a challenging, complex, and significant task. This study analyzes the performance of public enterprises in Serbia using two multi-criteria decision-making methods: PIPRECIA-S and MARCOS. The results indicate that the top five public enterprises in terms of performance are: JP Putevi Srbije Beograd, JP Srbijagas Novi Sad, JP Pošta Srbije Beograd, Javno preduzeće za gazdovanje šuma “Srbijašume” sa p.o. Beograd, and JKP Beogradski vodovod i kanalizacija Beograd. The best-performing company is JP Putevi Srbije Beograd, while the lowest-ranked is JVP Srbijavode Beograd. The performance of public enterprises in Serbia can be improved through more efficient management of business assets, capital, losses, revenues, net results, and human resources. This requires adequate adaptation to the highly dynamic and complex business environment.
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