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Vol 14, 2025
Pages: 149 - 153
Professional paper
Economics and Management Editor: Darjana Sredić
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Received: 20.08.2025. >> Accepted: 16.09.2025. >> Published: 21.11.2025. Professional paper Economics and Management Editor: Darjana Sredić

BENCHMARKING AS A MANAGEMENT METHOD IN INDUSTRIAL CAPACITIES OF THE RAILWAYS OF THE REPUBLIC OF SRPSKA

By
Zoran Stjepanović ,
Zoran Stjepanović
Contact Zoran Stjepanović

European University Brcko, European University Brcko , Brcko distict , Bosnia and Herzegovina

Veljko Vuković ,
Veljko Vuković

Technical Faculty, University PIM , Banja Luka , Bosnia and Herzegovina

Darko Stjepanović ,
Darko Stjepanović

Faculty of economics, European University Brcko , Brcko district , Bosnia and Herzegovina

Halid Žigić
Halid Žigić

Faculty of economy, European University Brcko , Brcko district , Bosnia and Herzegovina

Abstract

Benchmarking in the Railways of the Republic of Srpska is a process that represents the measurement and comparison of the most important technical-technological, economic and financial indicators of the success of the production of parts and assemblies of railway vehicles and maintenance services in the workshop capacities of Doboj, Banja Luka and Prijedor and comparison with the best within the company's area of ​​operation and outside it.

Given the specifics of the Railways of the Republic of Srpska company, the paper proposes benchmarking as a process that is an applicable and efficient management method and would be carried out in four phases, each of which has its own steps. In addition, the role and importance of benchmarking in Railways of the Republic of Srpska is described, as well as methods that would compare the most significant performances within the company with better or best in the system that deal with the same problems in workshop capacities.

The analysis would measure and determine the performance indicator of all three workshop companies and present certain deviations in individual performance indicators of individual workshop capacities.

Benchmarking was conducted based on available technical-technological, economic and financial data from production and service workshop capacities dealing with the maintenance of railway vehicles in Doboj, Banja Luka and Prijedor.

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