Kivijärvi, Hannu with Markku Touminen, "Financial and Production Planning in a Manufacturing Firm: Dynamic and Multi-Attribute Strategic Analysis", 1988
ua435
In this research we study the dynamic behavior of an industrial firm. Special emphasis is placed on the financing of manufacturing fixed capacity and working capital. Firstly, we construct a corporate model of a sample firm. Then the experimental firm is operated using following strategy groups: cash flow management strategies, depreciation strategies and retained earning strategies.Next, the emphasis is moved to the evaluation of outcomes. At this stage, an analytical hierarchy process is used. We insist that the decision analyst should decompose the problem into a hierarchy of interrelated decision elements. At the top of the hierarchy lies the most general objective of the decision problem, i.e., the well-being of the firm. The lower levels of the hierarchy consist of various decision criteria. The lowest levels of the hierarchy consist of decision alternatives, i.e., strategy groups. Finally, the best strategy is reached.
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