TRADE ENTERPRISES: MODEL OF OPTIMIZATION OF CURRENT LIABILITIES STRUCTURE
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Sytnyk G., Olesenko I. Pidpryjemstva torgivli: model' optymizacii' struktury potochnyh zobov’jazan'. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu. 2020. № 3. S. 79-91.
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DOI: http://doi.org/10.31617/visnik.knute.2020(131)05
SYTNYK Hanna,
Doctor of Economics, Associate Professor,
Professor at the Department of Economics and Business Finance,
Kyiv National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: https://orcid.org/0000-0003-4189-180X
OLESENKO Inna,
Post-graduate student at the Department of Economics and Business Finance,
Kyiv National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine
E-mail: Ця електронна адреса захищена від спам-ботів. вам потрібно увімкнути JavaScript, щоб побачити її.
ORCID: https://orcid.org/0000-0001-6562-9668
TRADE ENTERPRISES: MODEL OF OPTIMIZATION OF CURRENT LIABILITIES STRUCTURE
Background. An important source of financing assets, including current ones, are current liabilities. However, the uncontrolled increase of the certain types of current liabilities and their irrational structure can lead to negative financial consequences: loss of solvency or financial stability and bankruptcy.The aim of the article is to substantiate the methodological principles and the methodological approach to optimizing the structure of current liabilities of the trade enterprise in order to ensure its solvency.
Materials and methods. The study is based on the principles of a systematic approach. During the research methods of analysis and synthesis, scientific abstraction, statistical analysis, linear mathematical programming have been used.
Results. We have analyzed current liabilities of Ukrainian trade enterprises during 2012–2018, identified their changing trends and their direct impact on the solvency level of enterprises, which predetermined the need for improving approaches to managing current liabilities of trade enterprises. The system of methodological principles has been proved: a multicriteria approach; providing financing of the required amount of current assets; efficiency; compliance with maturities and functional compliance. These principles founded the mathematical model of the problem of optimizing the volume and structure of current liabilities of the trading company on the basis of the linear programming method. The main optimization criterion has been identified as the target level of the enterprise solvency, as long as the above mentioned principles are followed, which form the basis of the formation of a restrictions system.
Conclusion. The suggested approach allows creating the fundamentals of a more meaningful management of current liabilities of the trade enterprise, structuring this process, and contributes to solving topical problems within a practical scope.
Keywords: trade; anti-crisis financial management; solvency of the trade enterprise; financing of current assets; current liabilities; optimization of current liabilities.
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