Agric. Econ. - Czech, 2008, 54(5):187-192 | DOI: 10.17221/251-AGRICECON

Corporate inventory management with value maximization in view

G. Michalski
Department of Corporate Finance and Value Management, Wroclaw University of Economics, Wroclaw, Poland

The basic financial purpose of the firm is maximization of its value. An inventory management should also contribute to the realization of this basic aim. Many current assets management models which we can find in the literature relating to financial management were constructed with the assumption of book profit maximization as the basic aim. These models could be lacking what relates to another aim, i.e., maximization of the enterprise value. This article presents the value based inventory management model modification.

Keywords: inventory management, value based management, free cash flow

Published: May 31, 2008  Show citation

ACS AIP APA ASA Harvard Chicago Chicago Notes IEEE ISO690 MLA NLM Turabian Vancouver
Michalski G. Corporate inventory management with value maximization in view. Agric. Econ. - Czech. 2008;54(5):187-192. doi: 10.17221/251-AGRICECON.
Share...
Download citation
  • BibTeX (.bib)
  • Bookends (.ris)
  • EasyBib (.ris)
  • EndNote (.enw)
  • EndNote 8 (.xml)
  • ISI WoS (.isi)
  • Medlars (.medlars)
  • Mendeley (.ris)
  • MODS (.xml)
  • Papers (.ris)
  • RefWorks (.txt)
  • RefManager (.ris)
  • RIS (.ris)
  • MS Word (.xml)
  • Zotero (.ris)
    • Open full article

    References

    1. Kalberg J.G, Parkinson K.L. (1993): Corporate Liquidity: Management and Measurement. IRWIN, Homewood.
    2. Luenberger D.G. (2003): Teoria inwestycji finansowych. WN PWN, Warszawa.
    3. Maness T.S., Zietlow J.T. (1998): Short-Term Financial Management. Dryden Press, Fort Worth.
    4. Michalski G. (2004): Lexicon of corporate finance (in Polish). CHBeck, Warszawa.
    5. Pluta W., Michalski G. (2005): Short-run financial management (in Polish). CHBeck, Warszawa.
    6. Sartoris W., Hill N. (1983): A generalized cash flow approach to short-term financial decisions. Journal of Finance, 38 (2): 349-360. Go to original source...
    7. Scherr F.C. (1989): Modern Working Capital Management. Text and Cases. Prentice-Hall International Editions, Englewood Cliffs, New Jersey.
    8. Sierpińska M., Wędzki D. (2005): Financial liquidity management (in Polish). WN PWN, Warszawa.
    9. Sariusz-Wolski Z. (2002): Inventory management (in Polish). PWE, Warszawa.

    This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.


    Return to the content