Author(s)

Erdenebat Munkhdalai^1*, Enkhbayar Jamsranjav², Oyuntsetseg Luvsandash³, Gantulga Garamdorj⁴

¹Business school, National University of Mongolia, Ulaanbaatar, Mongolia.
²School of Information Technology and Electronics, National University of Mongolia, Ulaanbaatar, Mongolia.
³Business School, National University of Mongolia, Ulaanbaatar, Mongolia.
⁴Accounting Department, University of Finance and Economics, Ulaanbaatar, Mongolia.

Optimizing a company’s asset and capital structure has a positive effect on reducing capital costs and increasing the use of assets. In this paper, we consider the optimization problem of a company’s asset and capital structure. The proposed model is formulated as a fractional programming problem. The problem was solved numerically on “Mat-lab” using data from Mongolian mining companies. Numerical results are provided.

Asset Structure, Capital Structure, Net Working Capital, Mongolian Mining Companies

Munkhdalai, E. , Jamsranjav, E. , Luvsandash, O. and Garamdorj, G. (2023) Optimization Approach to Asset and Capital Structure of Companies. iBusiness, 15, 321-330. doi: 10.4236/ib.2023.154023.