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Economic Analysis: Theory and Practice
 

Forecast modeling of the economic effect of the factoring use

Vol. 13, Iss. 28, JULY 2014

Available online: 22 July 2014

Subject Heading: ANALYSIS OF FINANCIAL-ECONOMIC ACTIVITIES

JEL Classification: 

Pages: 53-58

Makarovich V.K. Zhytomyr State Technological University, Zhytomyr, Ukraine
viktoria.zts@gmail.com

In modern conditions of functioning of economic agents, the management of financial flows is becoming increasingly important, in particular the rate of capital turnover, and factoring is one of the ways to improve it. The positive changes observed in recent years in the practice of factoring market have not yet been supported by similar changes in scientific and theoretical ensuring. Due to the relative newness of this type of economic relations and their rapid development in recent years, lack of regulatory framework, guidelines on the practical application of factoring get the obvious necessity of complex scientific research of this tool for the working capital management. Based on the research, the author developed the additively-multiplicative model for forecasting sales using factoring, which lets you optimize cash flow, taking into account the decrease of cash shortage. The received model can be used in sales forecasting using factoring operations to improve the working capital management of financial and business entities.

Keywords: analysis, forecast, efficiency, economic and mathematical modeling, additive-multiplicative model, factoring transactions

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