TY - GEN
T1 - A study of A/R collection for IC design industry in taiwan using fuzzy MCDM methodology
AU - Hung, Chih Young
AU - Li, Yi-Ming
AU - Chiang, Yi Hui
PY - 2007/12/1
Y1 - 2007/12/1
N2 - In this paper, we present a fuzzy multiple criteria decision-making (FMCDM) approach to the evaluation of account receivable (A/R) collection instruments. By considering four collection alternatives, namely: the T/T advance (prepayment), the letter of credit (L/C), the documentary collection (including D/A and D/F), and the open account (O/A), the FMCDM approach is for the first time applied to choose the A/R collection instrument for Taiwanese integrated circuit (IC) design industry. Our results show, when face with new customer, the ranking of preference is the T/T advance, the L/C, the O/A and the documentary collection (D/A, D/P). International collection in modern unpredictable global market could be difficult unless firms have taken appropriate collection strategies. We believe that this study provides an alternative for making critical decisions, as in this case, the selection of A/R collection instruments.
AB - In this paper, we present a fuzzy multiple criteria decision-making (FMCDM) approach to the evaluation of account receivable (A/R) collection instruments. By considering four collection alternatives, namely: the T/T advance (prepayment), the letter of credit (L/C), the documentary collection (including D/A and D/F), and the open account (O/A), the FMCDM approach is for the first time applied to choose the A/R collection instrument for Taiwanese integrated circuit (IC) design industry. Our results show, when face with new customer, the ranking of preference is the T/T advance, the L/C, the O/A and the documentary collection (D/A, D/P). International collection in modern unpredictable global market could be difficult unless firms have taken appropriate collection strategies. We believe that this study provides an alternative for making critical decisions, as in this case, the selection of A/R collection instruments.
UR - http://www.scopus.com/inward/record.url?scp=47849085353&partnerID=8YFLogxK
U2 - 10.1109/PICMET.2007.4349448
DO - 10.1109/PICMET.2007.4349448
M3 - Conference contribution
AN - SCOPUS:47849085353
SN - 1890843164
SN - 9781890843168
T3 - Portland International Conference on Management of Engineering and Technology
SP - 1248
EP - 1255
BT - PICMET '07 - Portland International Center for Management of Engineering and Technology - Proceedings Management of Converging Technologies
T2 - PICMET '07 - Portland International Center for Management of Engineering and Technology - Management of Converging Technologies
Y2 - 5 August 2007 through 9 August 2007
ER -