A Value-oriented Framework for Inventory Management

• Authors: Grzegorz Michalski
• Languages of publication: EN

Abstracts

EN

The basic financial purpose of a firm is to maximize its value. An inventory management system should also contribute to the realization of this basic aim. Many current asset management models found in financial management literature were constructed with the assumption of book profit maximization as their basic aim. However these models could lack the means for realizing a different aim, i.e., the maximization of enterprise value. This article presents a modified value-based inventory management model.

Keywords

EN

inventory management; value-based management; free cash flow; working capital management; short-run financial management

• Publisher: Sciendo
• Journal: South East European Journal of Economics and Business
• Year: 2009
• Volume: 4
• Issue: 2
• Pages: 97-102

Dates

published

2009-11-01

online

2011-06-13

Contributors

author

Grzegorz Michalski

• Department of Corporate Finance and Value Management, Wroclaw University of Economics

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Identifiers

DOI

10.2478/v10033-009-0019-y