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Optimisation of short term commercial bank loans to corporates in terms of financing operating activities in Slovenia

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  • Srečko Devjak

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  • Ludvik Bogataj

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Abstract

This paper presents the mathematical model for determination of the optimal amount of short term commercial bank loans to corporate sector in Slovenia which is based on probabilistic inventory models. The goal of this paper is complete optimisation of cash inventories of corporate sector in the national economy. The results of optimisation are important for the corporate sector and for commercial banks. The optimal order quantity is an amount of short term commercial bank loan to corporates and defines a lending potential of commercial banks in a national economy. As such is important for the central bank when conducting monetary policy. Special emphasis has been given to determinants of optimal order quantity, which reflect market conditions in national economy. Copyright Springer-Verlag 2007

Suggested Citation

  • Srečko Devjak & Ludvik Bogataj, 2007. "Optimisation of short term commercial bank loans to corporates in terms of financing operating activities in Slovenia," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 15(4), pages 393-403, November.
  • Handle: RePEc:spr:cejnor:v:15:y:2007:i:4:p:393-403
    DOI: 10.1007/s10100-007-0038-7
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    References listed on IDEAS

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    1. A. J. Khadaroo, 2003. "A smooth transition regression equation of the demand for UK M0," Applied Economics Letters, Taylor & Francis Journals, vol. 10(12), pages 769-773.
    2. Opler, Tim & Pinkowitz, Lee & Stulz, Rene & Williamson, Rohan, 1999. "The determinants and implications of corporate cash holdings," Journal of Financial Economics, Elsevier, vol. 52(1), pages 3-46, April.
    3. Norbert Janssen, 1998. "The demand for M0 in the United Kingdom reconsidered: some specification issues," Bank of England working papers 83, Bank of England.
    4. Kim, Chang-Soo & Mauer, David C. & Sherman, Ann E., 1998. "The Determinants of Corporate Liquidity: Theory and Evidence," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 33(03), pages 335-359, September.
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    Cited by:

    1. Péter Csóka & Dániel Havran & Nóra Szűcs, 2015. "Corporate financing under moral hazard and the default risk of buyers," Central European Journal of Operations Research, Springer;Slovak Society for Operations Research;Hungarian Operational Research Society;Czech Society for Operations Research;Österr. Gesellschaft für Operations Research (ÖGOR);Slovenian Society Informatika - Section for Operational Research;Croatian Operational Research Society, vol. 23(4), pages 763-778, December.

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