• DocumentCode
    478361
  • Title

    An Online Model for Managing Cash: An Alternative Approach to the Miller-Orr Model

  • Author

    Liu, Bin ; Xin, Chunlin

  • Author_Institution
    Sch. of Manage., Xi´´an Jiaotong Univ., Xian
  • Volume
    5
  • fYear
    2008
  • fDate
    18-20 Oct. 2008
  • Firstpage
    314
  • Lastpage
    317
  • Abstract
    This paper considers the cash balance problem with unknown demand. Online algorithm is used by decision-makers who could not describe probability distribution but knew exactly the lower bound and upper bound of future demand. We design online strategy, and the performance is compared with that of optimal offline strategy.
  • Keywords
    decision making; financial management; probability; Miller-Orr model; cash balance problem; cash management; decision-making; online algorithm; optimal offline strategy; probability distribution; Asset management; Computational modeling; Conference management; Cost function; Economic forecasting; Educational institutions; Financial management; Probability distribution; Risk management; Security;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Natural Computation, 2008. ICNC '08. Fourth International Conference on
  • Conference_Location
    Jinan
  • Print_ISBN
    978-0-7695-3304-9
  • Type

    conf

  • DOI
    10.1109/ICNC.2008.310
  • Filename
    4667448