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

作     者：Arunkumar O. N. Divya D. Tony Mathew 

作者机构：Associate Professor Department of Mechanical Engineering Sree Narayana Gurukulam College of Engineering Kadayiruppu Kolenchery Ernakulam Kerala India. Assistant Professor Department of Computer Science and Engineering Adi Shankara Institute of Engineering and Technology Vidya Bharathi Nagar Mattoor Kalady Ernakulam District Kerala India. Assistant Professor Department of Mechanical Engineering Kottayam Institute of Technology and Science Kottayam Kerala India. 

出 版 物：《Journal of Operations and Strategic Planning》 

年 卷 期：2018年第1卷第2期

页      面：148 - 167页

主　　题：Working capital management goal programming LINGO tire manufacturing firm 

摘      要：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.