Conference Specifics
ISBN:  978-0-9860419-7-6
Conf. Updates










 
29th IBIMA Conference
Vienna, Austria
3 - 4 May 2017 


   




             

Valery Leventsov and Aleksander Leventsov

   

       

                                                                                                                                                                           

The paper- analyzes the concept of a commercial credit, problems of emerging and recovery of accounts receivable under the conditions of the Russian market, makes a conclusion about the need to optimize its amount. For enterprises to be able to forecast the inflow of payments from debtors it is proposed to use the Monte Carlo method for simulation modeling. The proposed model has been tested according to the data of one of the industrial enterprises of St. Petersburg and its results proved to be acceptably accurate so as to use this approach in practice. 











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