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Supporting working capital decisions through fuzzy analysis
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|Title: ||Supporting working capital decisions through fuzzy analysis|
|Authors: ||Martins, Alejandro|
Weber, Rosina O.
Barcia, Ricardo M.
|Keywords: ||Working Capital Management;Inventory Conversion Period;Liquidity;Fuzzy Systems|
|Issue Date: ||4-Sep-1995|
|Citation: ||Paper presented at the First International Conference of Industrial Engineering (ENEGEP/95), Sao Carlos, Brazil.|
|Abstract: ||Working Capital Management is concerned with the short term decisions regarding current assets
and current liabilities. Although being related with the short term, the decisions must take into
account the overall strategy of the firm and how effectively they are implemented at the operational
level. The satisfaction of the goals and the measurement of the risks associated with these
decisions are subjective and changeable depending on the situation. In this paper we propose the
use of the Fuzzy Scenario Analysis to support the decisions at the operational level of a firm
modeling the subjectivity of the process.
The module we chose to illustrate the approach is related to purchase decisions. The method
consists of modeling the satisfaction of an strategic goal (inventory conversion period) and the risk
associated (of estimating sales) using fuzzy sets. We present an example where once these fuzzy
sets are defined, the system suggests purchase decisions meeting the firm’s constraints regarding
the amount of purchase and the associated benefits.|
|Appears in Collections:||Faculty Research and Publications (IST)|
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