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Contributions to Game Theory and Management, 2021, Volume 14, Pages 155–182
DOI: https://doi.org/10.21638/11701/spbu31.2021.13
(Mi cgtm395)
 

This article is cited in 2 scientific papers (total in 2 papers)

The multi-objective model of working capital optimization

Anastasiia Ivakina, Mariia Smirnova, Nikolay Zenkevich

St. Petersburg State University, 7/9 Universitetskaya nab., Saint Petersburg 199034, Russia
Full-text PDF (646 kB) Citations (2)
References:
Abstract: In recent years, the topic of supply chain finance has gained a lot of attention from academia, but still, there are a lot of unexplored areas. For example, the literature demonstrates a clear gap of adequate application of numerous supply chain finance solutions for collaborative working capital management (Gelsomino et al., 2019). This issue becomes more and more important, specifically in terms of globalization and growing competition between supply chains when liquidity and profitability improvement is of paramount relevance. Companies focusing on their individual supply chain issues and taking their own interests into account rather than understanding the whole supply chain and collaborating with their partners are missing fruitful areas for improvements (Wuttke et al., 2016). The authors address this gap by developing a model for collaborative working capital management through supply chain finance adoption for the case of the three-stage supply chain. At the same time, the process of working capital optimization is received as a multi-objective problem. The results obtained indicate that the model of working capital optimization with concurrent use of multiple supply chain finance solutions is able to provide an optimal solution for all the cases considered in the research. It allows to decrease the total financial costs on working capital and supply chain finance solutions making individual ones not worse and at the same time achieve greater liquidity.
Keywords: working capital management, supply chain finance solutions, inventory financing, reverse factoring, multi-objective optimization, goal programming.
Funding agency Grant number
Saint Petersburg State University 60419633
This work was supported by Saint Petersburg State University under grants No 60419633.
Document Type: Article
Language: English
Citation: Anastasiia Ivakina, Mariia Smirnova, Nikolay Zenkevich, “The multi-objective model of working capital optimization”, Contributions to Game Theory and Management, 14 (2021), 155–182
Citation in format AMSBIB
\Bibitem{IvaSmiZen21}
\by Anastasiia~Ivakina, Mariia~Smirnova, Nikolay~Zenkevich
\paper The multi-objective model of working capital optimization
\jour Contributions to Game Theory and Management
\yr 2021
\vol 14
\pages 155--182
\mathnet{http://mi.mathnet.ru/cgtm395}
\crossref{https://doi.org/10.21638/11701/spbu31.2021.13}
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  • This publication is cited in the following 2 articles:
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