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One of the primary ways to improve sales and to develop business is to increase credit
sales, in other words, to extend the terms of payment. This, in effect, increases the risk
on nonpayment, which represents accounting loss that could materialize in
bankruptcy. Therefore, it is necessary to develop effective system of accounts
receivable manageme...
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In this article, some continuous-time processes have been used to describe revenues, costs and depreciation structure of a manufacturing company. We also consider random variables for collection and payment period of Accounts Receivable and Accounts Payable. We approximated a discrete-time stochastic model from the base model and we tested the seco...
