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
Link To Document