Finance and Credit
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
LCCN Permalink
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

A methodology for efficient management of inventories

Vol. 22, Iss. 31, AUGUST 2016

PDF  Article PDF Version

Received: 31 March 2016

Received in revised form: 23 June 2016

Accepted: 1 August 2016

Available online: 30 August 2016

Subject Heading: BUSINESS VALUE

JEL Classification: G32

Pages: 42-60

Kerimov Kh.E. Plekhanov Russian University of Economics, Moscow, Russian Federation
kerimovhayal232@gmail.com

Importance The article addresses the effective management of inventories for companies with seasonal sales and presents an algorithm for inventories optimization.
Objectives The study aims to create an efficient theoretical model for optimization of inventories by type of production.
Methods The study employs the additive and multiplicative models of forecasting, analysis of autocorrelation in time series, Fourier series construction technique, a model of dynamic programming.
Results I developed an efficient algorithm for optimizing the scope of finance for a specific type of inventories by time intervals of a seasonal predictive model. The paper presents a procedure for an economic order quantity subject to the factor of indirect losses from monetary funds immobilization.
Conclusions and Relevance The developed technique will enable to enhance the efficiency of working capital management of the enterprise through minimization of immobilized monetary funds in the form of inventories and shipment and storage cost saving.

Keywords: current assets, optimization, inventory, order quantity, immobilization

References:

  1. Bar'kin S.E., Lukinskii V.V., Karpunin S.A. [Models of inventory management based on the integration of financial and material flows in supply chains]. Audit i finansovyi analiz = Audit and Financial Analysis, 2012, no. 1, pp. 103–113. (In Russ.)
  2. Voskanyan R.O. [Specifics of developing the strategy of increase in value of innovative companies]. Vestnik Rossiiskogo ekonomicheskogo universiteta im. G.V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2014, no. 9, pp. 37–44. (In Russ.)
  3. Voskanyan R.O., Ekimova K.V. [A cost-based approach to managing the company’s investment appeal]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2015, no. 1, pp. 442–445. (In Russ.)
  4. Savel'eva I.P., Ekimova K.V. [Conceptual framework for applying the methods of financial management in management decision-making]. Vestnik Yuzhno-Ural'skogo gosudarstvennogo universiteta. Seriya: Ekonomika i menedzhment = Bulletin of South Ural State University. Series: Economics and Management, 2013, vol. 7, no. 2, pp. 62–67. (In Russ.)
  5. Ekimova K.V., Gromova E.I. [Financial management: Its role in the innovative development of Russian economy (based on the roundtable discussion)]. Vestnik Rossiiskogo ekonomicheskogo universiteta im. G.V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2012, no. 1, pp. 108–109. (In Russ.)
  6. Kerimov Kh.E. [The impact of working capital on company's market value]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2015, no. 8-2, pp. 497–499. (In Russ.)
  7. Kirzhaeva N.E. [Methods of optimizing the working capital turnover under market conditions]. Nauchnoe obozrenie = Science Review, 2014, no. 11-3, pp. 920–924. (In Russ.)
  8. Ordov K.V. [Analyzing the prospects for using the Ohlson model for company valuation]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2015, no. 6-1, pp. 974–976. (In Russ.)
  9. Ordov K.V. [Applying the iterative method to value additional stock issue]. Ekonomika i predprinimatel'stvo = Economy and Entrepreneurship, 2015, no. 6-1, pp. 786–789. (In Russ.)
  10. Pertseva M.A. [Structure and weighted average price of enterprise's circulating capital]. Putevoditel' predprinimatelya = Entrepreneur's Guide, 2013, no. 21, pp. 232–245. (In Russ.)
  11. Shimko P.D. Mezhdunarodnyi finansovyi menedzhment: monografiya [International financial management: a monograph]. Moscow, HSE Publ., 2007, 431 p. (In Russ.)
  12. Brigham E.F., Daves P.R. Intermediate Financial Management. Cengage Learning, 2012, 1168 p.
  13. Keown A.J., Martin J.H., Petty J.W., Scott D.F.Jr. Financial Management: Principles and Applications. Prentice Hall, 2001, 801 p.
  14. Knight F.H. Risk, Uncertainty and Profit. Boston, Houghton Mifflin, 1921, 881 p.
  15. Madura J. International Financial Management. Cengage Learning, 2014, 752 p.
  16. Shim J.K., Siegel J.G. Financial Management. Barron's Business Library, Barron's Educational Series, 2008, 400 p.
  17. Zongsheng L. Strategic Financial Management in Small and Medium-Sized Enterprises. International Journal of Business and Management, 2010, vol. 5, iss. 2, pp. 132–136.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 25, Iss. 11
November 2019

Archive