Submit an Article
Become a reviewer
Vol 152
Pages:
205-209
Download volume:
RUS

Formation of an active receivables management policy at a mining enterprise (on the example of OAO Olkon)

Authors:
A. M. Vdovichenko1
V. V. Vinogradova2
About authors
  • 1 — Associate Professor G.V. Plekhanov Saint Petersburg State Mining Institute
  • 2 — Research assistant G.V. Plekhanov Saint Petersburg State Mining Institute
Date submitted:
2001-09-11
Date accepted:
2001-10-28
Date published:
2002-08-26

Abstract

The possibility of active management of accounts receivable at the mining enterprise is investigated. A detailed analysis of current assets, the ranking of debtors based on the calculation of the optimal term of repayment of their debts and the development of various approaches to the management of accounts receivable of different groups was made. The formula modified by the author for the conditions of an industrial enterprise was used to calculate the optimal term of repayment of debts by the debtor. The mechanism leading to the reduction of receivables of the third group, i.e. with the repayment period significantly exceeding the average has been developed. This mechanism can be used, first of all, for settlements with budgetary organizations-debtors, when it is extremely difficult to collect debts by other means. The economic efficiency of the proposed mechanism has been evaluated. The transition from passive to active management of receivables is considered an important factor in increasing the liquidity and solvency of the enterprise and increasing the efficiency of its activities.

Go to volume 152

References

  1. Корсаков Д.Б. Как увеличить прибыль. СПб: Образование - культура, 1999.
  2. Виноградова В.В. К вопросу оптимизации управления оборотным капиталом предприятия (на примере ОАО «Олкон») / В.В.Виноградова, Т.В.Сидорова // Экономика и управление производством: Межвуз. сборник / СЗГТУ. СПб, 2001. Вып.7.

Similar articles

Attribution of ammonites from Jurassic stratotypic sections in England
2002 D. V. Bezgodova
Assessment of the risk of acidic water formation in the impact areas of mining and metallurgical enterprises
2002 M. A. Pashkevich, M. V. Parshina
Numerical modeling of scattering halos of ocean hydrotherms
2002 N. A. Kasyankova
Payment system for subsoil use
2002 L. I. Iseeva, I. S. Proshchenkova
Geomechanical justification of parameters of the development system of a thick steep layer in the case of sub-stage hydraulic extraction
2002 V. P. Zubov, A. A. Sidorenko, E. V. Glushenkov
Development and research of a method for separating nickel and copper in solutions
2002 P. N. Devyatkin