Optimization of factorial portfolio of trade enterprises in the conditions of the non-payment crisis

The economic mechanism for factoring management of trade enterprises was improved by applying a tool for refinancing receivables involving third parties, which will contribute to the effective management of fundraising processes from the standpoint of the income approach. The instruments for the implementation of the economic mechanism of factoring management of commercial enterprises, consisting of five blocks were improved (analysis of commercial enterprise debtors’ solvency in order to transfer them to factoring services; analysis of accounts receivable and assessment of its real value; planning of cash flows from factoring operations; factoring implementation assessment; monitoring and control of the repayment of receivables in the process of factoring services), that allows substantiating practical recommendations for improving the level of factoring management. Based on the concept of a portfolio of investments, a factoring model was built to optimize the debtors of the enterprise

A one line factoring algorithm

We describe a variant of Fermat’s factoring algorithm which is competitive with SQUFOF in practice but has heuristic run time complexity O(n1/3) as a general factoring algorithm. We also describe a sparse class of integers for which the algorithm is particularly effective. We provide speed comparisons between an optimised implementation of the algorithm described and the tuned assortment of factoring algorithms in the Pari/GP computer algebra package

Financing small and medium-size enterprises with factoring: global growth and its potential in eastern Europe

Factoring is a form of asset-based finance where the credit is extended based on the value of the borrower's accounts receivable. In recent years factoring has experienced phenomenal growth and has become an important source of financing-especially short-term working capital-for small and medium-size enterprises and corporations, reaching a worldwide volume of 760 billion euro in 2003. Although the importance of factoring varies considerably around the world, it occurs in most countries and is growing especially quickly in many developing countries. The authors explore the advantages of factoring over other types of lending for firms in developing economies, and discuss the informational, legal, tax, and regulatory barriers to its growth. They also examine the role of factoring in the eight Eastern European countries that became EU members on May 1, 2004-the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, the Slovak Republic, and Slovenia, referred to as the EU 8. The authors conclude that factoring offers key advantages over other lending products and is likely to become more important in these countries, and suggest policies to accelerate its development.Financial Intermediation,International Terrorism&Counterterrorism,Banking Law,Banks&Banking Reform,Payment Systems&Infrastructure,Banks&Banking Reform,Banking Law,Financial Intermediation,International Terrorism&Counterterrorism,Economic Theory&Research

Factoring as a special means of financing smes’ activities – the case of enterprises in the Lodz area

The article considers the usefulness of factoring as a short-term instrument allowing enterprises to finance their activities. Suppliers choosing factoring can offer buyers extended debt payment periods, improve their liquidity, as well as gaining access to additional services offered by factors. This analysis focuses on the benefits, usefulness and weaknesses of factoring, including the business effects of this facility and the prospects of its development. An attempt is made to demonstrate that factoring has a great potential for growth as a source of short-term funding for small- and medium-sized enterprises (SMEs). Two methods are used to this end: a review of the pertinent Polish and foreign literature including research articles, and a questionnaire survey of 20 SMEs with relevant experience in using this facility. The analysis of the usefulness and cost- effectiveness of factoring shows that in the period 2010–2014 in which market instabilities were observed factoring was a useful and frequently employed means of short-term funding

The Precautionary Principle in Australia: Policy, Law & Potential Precautionary EIAs

Dr. Gullet argues that environmental impact assessments are a logical vehicle for factoring the precautionary principle into large-project-approval processes