A study of A/R collection for IC design industry in taiwan using fuzzy MCDM methodology

Chih Young Hung*, Yiming Li, Yi Hui Chiang

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Scopus citations

Abstract

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.

Original languageEnglish
Title of host publicationPICMET '07 - Portland International Center for Management of Engineering and Technology - Proceedings Management of Converging Technologies
Pages1248-1255
Number of pages8
DOIs
StatePublished - 1 Dec 2007
EventPICMET '07 - Portland International Center for Management of Engineering and Technology - Management of Converging Technologies - Portland, OR, United States
Duration: 5 Aug 20079 Aug 2007

Publication series

NamePortland International Conference on Management of Engineering and Technology

Conference

ConferencePICMET '07 - Portland International Center for Management of Engineering and Technology - Management of Converging Technologies
CountryUnited States
CityPortland, OR
Period5/08/079/08/07

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