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Stable goal-based management strategy for supply chain finance
Nikolay Zenkevich, Anastasiia Ostashova, Anastasiia Ivakina St. Petersburg State University,
Graduate School of Management,
7/9, Universitetskaya nab., St. Petersburg, 199034, Russia
Abstract:
The article is devoted to improving the methodology for managing the total working capital of the supply chain to reduce costs for given ranges of liquidity. The paper analyzes the current state of research on working capital management in supply chain finance and substantiates the multi-objective nature of managing joint working capital in the supply chain. The possibilities of individual financial instruments to reduce the cost of total working capital for given ranges of liquidity have been explored. The necessity of using the technique of dynamic goal programming in the problem of working capital management is substantiated. A model and algorithm of goal management have been developed, which is implemented on cases of real supply chains and has shown its effectiveness.
Keywords:
working capital management, supply chain finance solutions, inventory financing, reverse factoring, multi-objective optimization, dynamic goal programming.
Citation:
Nikolay Zenkevich, Anastasiia Ostashova, Anastasiia Ivakina, “Stable goal-based management strategy for supply chain finance”, Contributions to Game Theory and Management, 15 (2022), 339–364
Linking options:
https://www.mathnet.ru/eng/cgtm434 https://www.mathnet.ru/eng/cgtm/v15/p339
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