Excerpt from The Stochastic Cash Balance Problem With Average Compensating-Balance Requirements
The problem under consideration involves the management of cash and short-term financial assets for a firm facing a compensating-balance te qnirement specified as an average balance over a number of days weekly, bi-weekly, or monthly). Daily net cash flows are partially1 un predictable and are treated as stochastic (specifically, as independent random variables). We consider only two assets: cash, and some interest bearing asset.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Die Inhaltsangabe kann sich auf eine andere Ausgabe dieses Titels beziehen.
Anbieter: Forgotten Books, London, Vereinigtes Königreich
Paperback. Zustand: New. Print on Demand. This book presents a stochastic cash balance problem with average compensating balance requirements. The author develops a dynamic programming model that represents the relevant cost function for a firm facing such requirements. The model is used to solve a numerical example, and the results are compared with those obtained from a static two-sided policy. The dynamic programming solution represents a significant reduction in relevant costs in the example. The book provides a valuable contribution to the literature on cash management and will be of interest to researchers and practitioners in the field. The author's clear and concise exposition makes the book accessible to a wide audience, and the numerical examples and insights will be of great value to those seeking to improve their cash management practices. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Bestandsnummer des Verkäufers 9781333774349_0
Anzahl: Mehr als 20 verfügbar
Anbieter: PBShop.store US, Wood Dale, IL, USA
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781333774349
Anbieter: PBShop.store UK, Fairford, GLOS, Vereinigtes Königreich
PAP. Zustand: New. New Book. Shipped from UK. Established seller since 2000. Bestandsnummer des Verkäufers LW-9781333774349
Anzahl: 15 verfügbar