Title: Analýza nesplacených pohledávek pomocí Markovových řetězců - případová studie
Other Titles: Outstanding accounts receivable analysis using Markov chains - case study
Authors: Lukáš, Ladislav
Hofman, Jiří
Citation: Trendy v podnikání = Business trends : vědecký časopis Fakulty ekonomické ZČU v Plzni. 2014, č. 4, s. 42-51.
Issue Date: 2014
Publisher: Západočeská univerzita v Plzni
Document type: článek
URI: http://www.fek.zcu.cz/tvp/doc/akt/tvp-4-2014-clanek-6.pdf
ISSN: 1805-0603
Keywords: absorbce Markovových řetězců;analýza pohledávek;nesplacené pohledávky;placené / neproplacené pohledávky;fundamentální matrice
Keywords in different language: absorption Markov chain;accounts receivable analysis;outstanding accounts;paid/unpaid claims;fundamental matrix
Abstract in different language: The paper uses existing Markov chain theory to analyze problem of claim payment delayed process, which serves to estimate a distribution of paid/unpaid claims after payment due. Payment condition patterns and timing of claim payments play significant role in financial management. First, the corresponding data reported in usual accounting reports are extracted to yield records of delayed payment structures. Data processing procedure issues estimations of transitions probabilities of absorption Markov chain with several transition states and two absorption ones representing paid and unpaid claims, respectively. Fundamental matrix of absorption Markov chain is calculated by matrix inversion operation and used for averaged paid/unpaid claims estimation provided a vector of pending payments distributed in transient states is given. The goal of procedure is to determine bad debt losses expected after accounts receivable are arranged by aging schedule and the payment time forbearance is given. All these calculations are illustrated on the case study analyzing after-payment-due process of accounts receivable in selected SME company from West Bohemia region. The main contribution of the paper is dependence investigation of amount of receivables and expected losses from uncollectible accounts upon variable payment time forbearance defined prospectively by financial management of the company. All computations and graphical issues are performed by own code developed using sw Mathematica.
Rights: © Západočeská univerzita v Plzni
Appears in Collections:Číslo 4 (2014)
Články / Articles (KPM)
Články / Articles (KEM)
Číslo 4 (2014)

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