| Issues | Sections | Authors | Keywords |
Article
| Issue: | 2021 №1 (73) |
| Section: | Entepreneurship and economics of enterprise |
| UDK: | 336:338.4+519.7 |
| DOI: | https://doi.org/10.33271/ebdut/73.170 |
| Article language: | Ukrainian |
| Pages: | 170-178 |
| Title: | Modeling of management tasks for the enterprise financial policy |
| Authors: | Savchuk L. M., National Metallurgical Academy of Ukraine, Lozovskaya L. I., National Metallurgical Academy of Ukraine, Savchuk R. V., National Metallurgical Academy of Ukraine, Yarmolenko L. I., National Metallurgical Academy of Ukraine |
| Annotation: | Methods. The theoretical and methodological basis of the study was the fundamental work of domestic and foreign scientists on the modeling of financial policy management tasks at the micro level. To achieve this goal, the article uses general scientific methods and abstraction methods to determine the content of the financial policy of an enterprise and economic and mathematical methods in modeling the problems of managing an enterprise's receivables. Results. The article reveals the relevance of the study of the financial policy management tasks modeling at the micro level. The content of the financial policy concept at the enterprise level as a triad of basic conceptual principles has been defined, namely asset management, cash flow management, and liability management. It has been revealed that, since the studies in the field of financial policy are mainly theoretical, the development of a model for solving the practical problem provided herein appears to be relevant for Ukrainian enterprises. The use of the method of approximation of nonlinear dependence of accounts receivables on the credit period (developed by O. I. Luchkov) has been grounded. In the article all the methodology principles, as well as the modification and improvement thereof aimed at developing methods for calculating the numerical values of all model components have been determined. This method provides an opportunity to get the optimal term of the credit period in days as well as the optimal amount of accounts receivables in monetary terms. Novelty. After structuring and defining the list of financial policy tasks, there has been suggested the original improvement in one of the important asset management components, namely the problem of modeling the amount of accounts receivable. In order to obtain the maximum economic effect, the new model has been developed to determine the optimal level of accounts receivables. Practical value. To verify the model applicability, a model experiment was performed, during which the data of the financial statements from one of the active enterprises were used. The obtained results testify the efficiency and correctness of the proposed methodology and serve as a theoretical background for management decisions in terms of assessment of the effectiveness of steps in the enterprise financial policy management. |
| Keywords: | Financial policy, Triad, Enterprise, Asset management, Accounts receivables, Nonlinear dependence approximation, Model experiment |
| File of the article: | EV20211_170-178.pdf |
| Literature: |
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