TY - GEN
T1 - Evaluation of account receivable collection alternatives with fuzzy MCDM methodology
AU - Hung, Chih Young
AU - Li, Yiming
AU - Chiang, Yi Hui
PY - 2006/6/21
Y1 - 2006/6/21
N2 - In this paper, we present a fuzzy multiple criteria decision-making (FMCDM) approach to evaluation of account receivable (A/R) collection instruments. By considering the prepayment, the letter of credit (L/C), the documentary collection (including D/A and D/P), and the open account (O/A), the FM-CDM approach is for the first time applied to investigate the A/R collection for the microelectronics and optoelectronics industries in Taiwan. According to our results, difference of the ranking preference between the two industries is observed. The ranking in the microelectronics industry is the prepayment, the L/C, the O/A and the documentary collection (D/A,D/P). The preference in the optoelectronics industry is the prepayment, the O/A, the L/C, and the documentary collection (D/A,D/P), respectively. International collection in modern unpredictable global market could be difficult unless Arms have taken appropriate collection strategies. We believe that our study provides an alternative for making critical decisions during selecting A/R collection instruments.
AB - In this paper, we present a fuzzy multiple criteria decision-making (FMCDM) approach to evaluation of account receivable (A/R) collection instruments. By considering the prepayment, the letter of credit (L/C), the documentary collection (including D/A and D/P), and the open account (O/A), the FM-CDM approach is for the first time applied to investigate the A/R collection for the microelectronics and optoelectronics industries in Taiwan. According to our results, difference of the ranking preference between the two industries is observed. The ranking in the microelectronics industry is the prepayment, the L/C, the O/A and the documentary collection (D/A,D/P). The preference in the optoelectronics industry is the prepayment, the O/A, the L/C, and the documentary collection (D/A,D/P), respectively. International collection in modern unpredictable global market could be difficult unless Arms have taken appropriate collection strategies. We believe that our study provides an alternative for making critical decisions during selecting A/R collection instruments.
KW - Account receivable
KW - FAHP
KW - Fuzzy MCDM
KW - Global market
KW - International collection
KW - Microelectronics
KW - Optoelectronics
KW - Quantitative method
UR - http://www.scopus.com/inward/record.url?scp=36048940049&partnerID=8YFLogxK
U2 - 10.1109/SOLI.2006.236287
DO - 10.1109/SOLI.2006.236287
M3 - Conference contribution
AN - SCOPUS:36048940049
SN - 1424403189
SN - 9781424403189
T3 - 2006 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI 2006
SP - 1009
EP - 1013
BT - 2006 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI 2006
T2 - 2006 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI 2006
Y2 - 21 June 2006 through 23 June 2006
ER -