Empowering Cash Managers Through Compromise Programming
ثبت نشده
چکیده
Resum Typically, the cash management literature focuses on optimizing cost, hence neglecting risk analysis. In this chapter, we address the cash management problem from a multiobjective perspective by considering not only the cost but also the risk of cash policies. We propose novel measures to incorporate risk analysis as an additional goal in cash management. Next, we rely on compromise programming as a method to minimize the sum of weighted distances to an ideal point where both cost and risk are minimum. These weights reflect the particular preferences of cash managers when selecting the best policies that solve the multiobjective cash management problem. As a result, we suggest three alternative solvers to cover a wide range of possible situations: Monte Carlo methods, linear programming, and quadratic programming. We also provide a Python software library with an implementation of the proposed solvers ready to be embedded in cash management decision support systems. We finally describe a framework to assess the utility of cash management models when considering multiple objectives.
منابع مشابه
Empowering Cash Managers Through Compromise Programming
Resum Typically, the cash management literature focuses on optimizing cost, hence neglecting risk analysis. In this chapter, we address the cash management problem from a multiobjective perspective by considering not only the cost but also the risk of cash policies. We propose novel measures to incorporate risk analysis as an additional goal in cash management. Next, we rely on compromise progr...
متن کاملEmpowering Cash Managers Through Compromise Programming
Resum Typically, the cash management literature focuses on optimizing cost, hence neglecting risk analysis. In this chapter, we address the cash management problem from a multiobjective perspective by considering not only the cost but also the risk of cash policies. We propose novel measures to incorporate risk analysis as an additional goal in cash management. Next, we rely on compromise progr...
متن کاملA multi-objective approach to the cash management problem
Resum Cash management is concerned with optimizing costs of short-term cash policies of a company. Different optimization models have been proposed in the literature whose focus has been only placed on a single objective, namely, on minimizing costs. However, cash managers may also be interested in risk associated to cash policies. In this paper, we propose a multi-objective cash management mod...
متن کاملA multi-objective approach to the cash management problem
Resum Cash management is concerned with optimizing costs of short-term cash policies of a company. Different optimization models have been proposed in the literature whose focus has been only placed on a single objective, namely, on minimizing costs. However, cash managers may also be interested in risk associated to cash policies. In this paper, we propose a multi-objective cash management mod...
متن کاملA multi-objective approach to the cash management problem
Resumen Cash management is concerned with optimizing costs of short-term cash policies of a company. Different optimization models have been proposed in the literature whose focus has been only placed on a single objective, namely, on minimizing costs. However, cash managers may also be interested in risk associated to cash policies. In this paper, we propose a multi-objective cash management m...
متن کامل