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Please use this identifier to cite or link to this item: http://hdl.handle.net/1860/2691

Title: Supporting working capital decisions through fuzzy analysis
Authors: Martins, Alejandro
Pacheco, Roberto
Weber, Rosina O.
Barcia, Ricardo M.
Khator, Suresh
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.
URI: http://hdl.handle.net/1860/2691
Appears in Collections:Faculty Research and Publications (IST)

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