@inproceedings{eb522bf08b72491db656f02465ce2f73,
title = "Optimal enterprise cash management under uncertainty",
abstract = "We present a dynamic model for enterprise cash management under uncertainty. The numerical method was used to obtain optimal level of cash holding. The results show that higher yield volatility of financial assets, liquidation cost of financial assets and coefficient of risk aversion will raise the demand for cash. It also shows that the optimal choice of inter-temporal model is different from that of single-period model. The former makes the manager choose to hold more cash. The reason is that long-horizon managers have an intrinsically larger need for cash to quell possible transaction and precautionary demand.",
keywords = "Cash management, Financial assets, Uncertainty",
author = "Wei, \{Xiao Yun\} and Han, \{Li Yan\}",
year = "2013",
doi = "10.1007/978-3-642-38391-5\_87",
language = "英语",
isbn = "9783642383908",
series = "19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "825--832",
booktitle = "19th International Conference on Industrial Engineering and Engineering Management",
address = "德国",
note = "19th International Conference on Industrial Engineering and Engineering Management: Assistive Technology of Industrial Engineering ; Conference date: 27-10-2012 Through 29-10-2012",
}