Scientific journal NRU ITMO
Series "Economics and Environmental Management"
Registration certificate ЭЛ № ФС 77 – 55411 от 17.09.2013
registered by the Federal Inspectorate Service for Communication, Information Technologies and Communication Media

2015 (published: 02.12.2015)

Number 4(23)

Home > Issue > Optimization of inventories and cash assets: conception and toolkit

UDC 336.663

Optimization of inventories and cash assets: conception and toolkit

Lisitsa M.I.

From the point of view of businesses operating in the real sector current assets can be grouped into methods of control actions. The first task of the administration is to maintain the current assets in the state in which it is ensured uninterrupted functioning of the economic activities of the organization. Accordingly, the second objective is to minimize costs when determining the needs for working capital. Identified problems are solved by methods of optimization and active management of residues that have led to the development of a number of modifiers that improve the processes of optimization and control of production inventory and cash. Improvements related to the fact that «traditional» optimization model of production and inventory money is used to maintain average balances and optimization substitute average balances on annual demand, while modifiers operate exclusively annual needs.In addition, improvements associated with the fact that modifiers allow to formalize all the parameters of active management of the balance of funds in contrast to «traditional» models, which partly rely on intuitive assessment. Thus, the presented methodology is based not only on the relevant mathematical proofs, but also on the concept with the correct assumptions.
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Keywords: current assets, inventories, cash, modified model of optimal portion of stock, model of optimal portion of safety stock, modified model of optimal cash requirements, modified model of active management of the balance of cash.

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