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
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;
Conference_Titel :
Natural Computation, 2008. ICNC '08. Fourth International Conference on
Conference_Location :
Jinan
Print_ISBN :
978-0-7695-3304-9
DOI :
10.1109/ICNC.2008.310
