Method Research And System Building Of Petroleum Group Capital Management

With the economic globalization and competition internationalization, theenterprise groups have become the protagonist of the global economic activities, andevery country's participation in the international competition is anchored in theenterprise groups of each country. The world economy has entered a new era with thecenter of enterprise groups. As the reform of the economic system is making progressconstantly, Chinese Corporation Groups are becoming more and more mature sincethey were born. They are continually getting stronger and coming into beingmulti-construction economic units, which are mainly composed of sizable parentcorporations and subsidiary corporations with united rights, products, techniques,economy and contracts system.While under market economy system, Corporation Groups put forward abrand-new managerial concept that business management should center itself onfinancial management, which focuses on capital management. This new concept haschanged people's opinions towards business management, and has improved thebusiness management in most of the sole.As a huge petroleum corporation group, P Company carries on all its producingand operating activities on the basis of capital management. Referring to thecharacteristics of P Company's current capital operation, this paper which has startedfrom the concept "benefit is priority, cash is king" has done thorough research into themethod and system of petroleum group's capital management, especially the cashmanagement.In order to set up the efficient capital management system, the capitalmanagement regulations in the corporation groups should be improved first. From theangels of capital planned management, payment for goods close operation, depositmanagement and internal control rules, this paper explains the method P companyadopted to improve its capital management model in Chapter Ⅱ, Ⅲ and Ⅳ. It willprovide data, operation and regulation foundations for capital and cash management.On the basis of the previous chapters, Chapter Ⅴ of this paper applies themethod of Monte Carlo to the capital plan simulation, and makes use of the historicaldata distribution of single subject to predict the value of this subject in the future. Inthis way, it could determine the amount of cash output and the cash held by theheadquarters in the future.Finally, according to the actual circumstances of capital and cash management,Chapter Ⅵ of this paper utilizes fuzzy optimization method to build the fuzzy modelof the cash held by the headquarters. It will help corporations to make investmentstrategies.