title: Working capital optimization under liquidity constraints in collaborative supply chains
metadata.name: dc.contributor.author
metadata.value: Ivakina, A.
metadata.lang: -
metadata.name: dc.contributor.author
metadata.value: Zenkevich, N.
metadata.lang: -
metadata.name: dc.date.accessioned
metadata.value: 2018-12-11T09:29:13Z
metadata.lang: -
metadata.name: dc.date.available
metadata.value: 2018-12-11T09:29:13Z
metadata.lang: -
metadata.name: dc.date.issued
metadata.value: 2018
metadata.lang: -
metadata.name: dc.identifier.uri
metadata.value: http://hdl.handle.net/11701/15110
metadata.lang: -
metadata.name: dc.description.abstract
metadata.value: The paper is devoted to development of a working capital management model providing optimal levels of working capital to all individual business partners operating under the liquidity and return constraints through collaborative actions of capital reallocation along the supply chain. As such, we suggest the tool of working optimization through financial terms and cash flows verified on Russian collaborative supply chain data. Mathematical modeling is suggested as a method to upgrade existing collaborative cash conversion cycle model by optimizing it in terms of total financial costs minimization for a three-stage supply chain in the context of constrained liquidity and specified target return levels. The application of the suggested optimization model to focal supply chain provided significant acceleration of individual cash conversion cycles and investments in working capital by combining the extension of days of accounts payable, reduction in days of inventories and reduction in days of accounts receivable in different proportions for supply chain participants. The theoretical contribution consists of integrating collaboration and working capital concepts, adding a holistic perspective to extant working capital management models. The suggested model illustrates financially the motivation of supply chain partners to cooperate in order to simultaneously achieve target levels of WC investments and improve individual financial performance through collaborative operations.
metadata.lang: en_GB
metadata.name: dc.description.sponsorship
metadata.value: The research is financially supported by the Russian Foundation for Basic Research un-der grant No. 16-01-0085/A.
metadata.lang: en_GB
metadata.name: dc.language.iso
metadata.value: en
metadata.lang: en_GB
metadata.name: dc.publisher
metadata.value: Graduate School of Management, St. Petersburg University
metadata.lang: en_GB
metadata.name: dc.relation.ispartofseries
metadata.value: # 2(E) – 2018;
metadata.lang: -
metadata.name: dc.subject
metadata.value: Working capital management
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Cash conversion cycle
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Collaboration
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Financial supply chain management
metadata.lang: en_GB
metadata.name: dc.subject
metadata.value: Profitability and liquidity tradeoff
metadata.lang: en_GB
metadata.name: dc.title
metadata.value: Working capital optimization under liquidity constraints in collaborative supply chains
metadata.lang: en_GB
metadata.name: dc.type
metadata.value: Working Paper
metadata.lang: en_GB
resources.filename: Ivakina_Zenkevich_WP_2-2018.pdf
resources.url: https://dspace.spbu.ru/bitstream/11701/15110/1/Ivakina_Zenkevich_WP_2-2018.pdf
resources.format: Adobe PDF
resources.size: 389,9 kB