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Sytnyk G., Olesenko I. Pidpryjemstva torgivli: model' optymizacii' struktury potochnyh zobov’jazan'. Visnyk Kyi'vs'kogo nacional'nogo torgovel'no-ekonomichnogo universytetu. 2020. № 3. S. 79-91.

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DOI:  http://doi.org/10.31617/visnik.knute.2020(131)05

UDC 658.15:339.17
 
SYTNYK Hanna,
Doctor of Economics, Associate Professor,
Professor at the Department of Economics and Business Finance,
Kyiv National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine 

E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
ORCID: https://orcid.org/0000-0003-4189-180X
 
OLESENKO Inna,
Post-graduate student at the Department of Economics and Business Finance,
Kyiv National University of Trade and Economics
19, Kyoto str., Kyiv, 02156, Ukraine 

E-mail:  This email address is being protected from spambots. You need JavaScript enabled to view it.  
ORCID: https://orcid.org/0000-0001-6562-9668

TRADE ENTERPRISES: MODEL OF OPTIMIZATION OF CURRENT LIABILITIES STRUCTURE

Background. An important source of financing assets, including current ones, are current liabilities. However, the uncontrolled increase of the certain types of current lia­bi­lities and their irrational structure can lead to negative financial consequences: loss of sol­vency or financial stability and bankruptcy.
The aim of the article is to substantiate the methodological principles and the methodological approach to optimizing the structure of current liabilities of the trade enterprise in order to ensure its solvency.
Materials and methods. The study is based on the principles of a systematic app­roach. During the research methods of analysis and synthesis, scientific abstraction, statis­tical analysis, linear mathematical programming have been used.
Results. We have analyzed current liabilities of Ukrainian trade enterprises during 2012–2018, identified their changing trends and their direct impact on the solvency level of enterprises, which predetermined the need for improving approaches to managing current liabilities of trade enterprises. The system of methodological principles has been proved: a multicriteria approach; providing financing of the required amount of current assets; efficiency; compliance with maturities and functional compliance. These principles founded the mathematical model of the problem of optimizing the volume and structure of current liabilities of the trading company on the basis of the linear programming method. The main optimization criterion has been identified as the target level of the enterprise solvency, as long as the above mentioned principles are followed, which form the basis of the formation of a restrictions system.
Conclusion. The suggested approach allows creating the fundamentals of a more meaningful management of current liabilities of the trade enterprise, structuring this pro­cess, and contributes to solving topical problems within a practical scope.
Keywords: trade; anti-crisis financial management; solvency of the trade enter­prise; financing of current assets; current liabilities; optimization of current liabilities.

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