Goal Programming Model for Optimizing Working Capital Management: Case of Tire Retreading Company

Autor:	Tony Mathew, O N Arunkumar, D Divya
Rok vydání:	2018
Předmět:	Tire manufacturing Computer science Goal programming model Goal programming Working capital Manufacturing engineering
Zdroj:	Journal of Operations and Strategic Planning. 1:148-167
ISSN:	2516-6018 2516-600X
DOI:	10.1177/2516600x18801435
Popis:	This article discusses goal programming model for optimizing working capital management (WCM) of a tire manufacturing company. The mathematical model is run for the years 2008–2009 to 2012–2013 and values of the respective goals are taken from it. The validation for the model values with the actual values from the financial data are carried out to check the significance of the model values. The significance test is carried out in one sample t-test. It is observed that all the values got from the model are significant. The sales of the company for the year 2013–2014 is forecasted from the past data by linear regression using Microsoft Excel as a trend line. The model is used to 2analyze the values of variables of WCM for the year 2013–2014 to achieve a 30 percent return on assets (ROA) for the forecasted sales.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::c891f3a9cfff6cdcb5364a4d68eb7b7b https://doi.org/10.1177/2516600x18801435 Zobrazit plný text záznamu