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Inventory And Risk Management: Decreasing Delivery Risk Of Purchasers

Author

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  • Grzegorz MICHALSKI

    () (Wroclaw University of Economics, Department of Corporate Finance and Value Management)

Abstract

The basic financial purpose of an enterprise is maximization of its value. Inventory management should also contribute to realization of this fundamental aim. The enterprise value maximization strategy is executed with a focus on risk and uncertainty. This article presents the consequences for the recipients firm that can result from operating risk that is related to delivery risk generated by the suppliers. The present article offers a method that uses portfolio management theory to choose the suppliers.

Suggested Citation

  • Grzegorz MICHALSKI, 2008. "Inventory And Risk Management: Decreasing Delivery Risk Of Purchasers," Romanian Journal of Economics, Institute of National Economy, vol. 27(2(36)), pages 95-103, December.
  • Handle: RePEc:ine:journl:v:2:y:2008:i:36:p:95-103
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    More about this item

    Keywords

    Corporate liquidity; firm value; delivery risk;

    JEL classification:

    • G39 - Financial Economics - - Corporate Finance and Governance - - - Other
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

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