Deterministic cash flow management: State of the art and research directions

doi:10.1016/0305-0483(86)90017-4

Omega

Volume 14, Issue 2, 1986, Pages 145-166

https://doi.org/10.1016/0305-0483(86)90017-4 Get rights and content

Abstract

Cash flow management has attracted the increasing attention of both academicians and practitioners in recent time. There is increasing emphasis on cash management as a vital organizational function and evidence indicates that the role and responsibilities of cash managers are expanding beyond conventional boundaries. In an earlier article, Gregory presented an excellent review of a limited class of cash management models. This paper attempts to review the rather large body of deterministic cash flow models that were not reviewed by Gregory. The review places the models in proper perspective by identifying the underlying decision processes and points out the somewhat narrow focus of these models. A modified taxonomy of cash management decisions is suggested as a possible framework for future research. The paper also recognizes the tremendous growth in information and computer technology and its implications for normative modeling efforts in cash management.

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Main paperDeterministic cash flow management: State of the art and research directions

Abstract

Comput. Ops Res.

Omega

Generating cash flow estimates: an actual study using the Delphi Technique

Fin. Mgmt

An application of inventory theoretical models to cash collection

Decis. Sci.

General Telephone's experience with a short-run financial planning model

Cash Mgmt Forum

Heuristic methods for solving the lock-box location problem and related location-allocation problems

An improved version of the out-of-kilter method and comparative study of computer codes

Math. Pgm.

The transaction demand for cash: an inventory theoretic approach

Q. J. Econ.

Contemporary Cash Management

Branch-and-bound for facility location

INFOR

Time Series: Analysis, Forecasting and Control

A two stage forecasting approach at Chemical Bank of New York for check processing

J. Bank Res.

Computational experience with an algorithm for the lock-box problem

Linear Programming and Cash Management: CASHALPHA

Cash management: the new art of wringing more profit from corporate funds

Bus. Week

An Executive's Guide to Forecasting

How BMW computerised cash planning

Accountancy

The lock-box problem and some startling but true computational results for large scale systems

Stochastic cash management with fixed and proportional transaction costs

Mgmt Sci.

Location of bank accounts to optimize float: an analytical study of exact and approximate algorithms

Mgmt Sci.

Are cash management models worthwhile?

J. Fin. Quant. Analysis

The credit executive's role in cash management

Credit Fin. Mgmt

The expanding role of the corporate cash manager

J. Cash Mgmt

On the cash balance problem

Ops Res. Q

Some empirical evidence on the properties of daily cash flow

Fin. Mgmt

Discussion: the design of a company's banking system

J. Fin.

Three asset cash balance and dynamic portfolio problems

Mgmt Sci.

Finding the real float—a new standard for lockbox studies

CASHFLOW

By any other name … controlled disbursing in the new environment

CASHFLOW

Disbursement system for the 1980s

J. Cash Mgmt

A two stage solution procedure for the lockbox problem

Mgmt Sci.

An evaluation and linking of alternative solution procedure for the lock box location problem

J. Bank Res.

A simultaneous equation model of the firm for financial analysis and planning

Fin. Mgmt

Design of man-machine decision systems: an application to portfolio management

Sloan Mgmt Rev.

An assessment of marketable securities management practices

J. Fin. Res.

Maximizing cash disbursement float

Fin. Mgmt

On simplifying a network model for cash flow management

Bench marks comparing transportation codes based on primal simplex and primaldual algorithms

Ops Res.

Corporate credit and payables policies: two surveys

J. Cash Mgmt

A singular cash management problem

Fin. Executives

Current Asset Management

An efficient branch and bound algorithm for the warehouse location problem

Mgmt Sci.

Feedback: The lock-box location problem

J. Bank Res.

The lock-box location problem

J. Bank Res.

Simulating a cash budget

Main paper
Deterministic cash flow management: State of the art and research directions