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On the use of multiple criteria distance indexes to find robust cash management policies

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On the use of multiple criteria distance indexes to find robust cash management policies

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dc.contributor.author Salas-Molina, Francisco es_ES
dc.contributor.author Rodriguez-Aguilar, Juan A. es_ES
dc.contributor.author Pla Santamaría, David es_ES
dc.date.accessioned 2020-04-17T12:50:23Z
dc.date.available 2020-04-17T12:50:23Z
dc.date.issued 2019 es_ES
dc.identifier.issn 0315-5986 es_ES
dc.identifier.uri http://hdl.handle.net/10251/140912
dc.description.abstract [EN] Cash management decision-making can be handled from a multiobjective perspective by optimizing not only cost but also risk. Nevertheless, choosing the best policies under a changing context is by no means straightforward. To this end, we rely on compromise programming to incorporate robustness as an additional goal to cost and risk within a multiobjective framework. As a result, we propose to calculate robustness as a multiple criteria distance index that is able to identify the best compromise policies in terms of cost and risk. Such policies are also robust to cash flow regime changes. We show its utility by transforming the Miller and Orr s cash management model into its robust counterpart using real data from an industrial company. es_ES
dc.description.sponsorship Ministerio de Economia y Competitividad [grant number Collectiveware TIN2015-66863-C2-1-R], [grant number 2014 SGR 118]. Work partially funded by projects Collectiveware TIN2015-66863-C2-1-R (MINECO/FEDER) and 2014 SGR 118. es_ES
dc.language Inglés es_ES
dc.publisher Taylor & Francis es_ES
dc.relation.ispartof INFOR Information Systems and Operational Research es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Cash management es_ES
dc.subject Multicriteria decision-making es_ES
dc.subject Robustness es_ES
dc.subject Distance measures es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.title On the use of multiple criteria distance indexes to find robust cash management policies es_ES
dc.type Artículo es_ES
dc.type Comunicación en congreso es_ES
dc.identifier.doi 10.1080/03155986.2017.1282291 es_ES
dc.relation.projectID info:eu-repo/grantAgreement/MINECO//TIN2015-66863-C2-1-R/ES/COLLECTIVEWARE: TECNOLOGIAS PARA POTENCIAR COLECTIVOS HUMANOS EN LA RED ELECTRICA INTELIGENTE/ es_ES
dc.relation.projectID info:eu-repo/grantAgreement/Generalitat de Catalunya//2014 SGR 118/ es_ES
dc.rights.accessRights Abierto es_ES
dc.contributor.affiliation Universitat Politècnica de València. Departamento de Economía y Ciencias Sociales - Departament d'Economia i Ciències Socials es_ES
dc.description.bibliographicCitation Salas-Molina, F.; Rodriguez-Aguilar, JA.; Pla Santamaría, D. (2019). On the use of multiple criteria distance indexes to find robust cash management policies. INFOR Information Systems and Operational Research. 57(3):345-360. https://doi.org/10.1080/03155986.2017.1282291 es_ES
dc.description.accrualMethod S es_ES
dc.relation.conferencename International Conference on Multidimensional Finance, Insurance and Investment (ICFMII 2016) es_ES
dc.relation.conferencedate Junio 26-29,2016 es_ES
dc.relation.conferenceplace Alcoi, España es_ES
dc.relation.publisherversion https://doi.org/10.1080/03155986.2017.1282291 es_ES
dc.description.upvformatpinicio 345 es_ES
dc.description.upvformatpfin 360 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 57 es_ES
dc.description.issue 3 es_ES
dc.relation.pasarela S\324955 es_ES
dc.contributor.funder European Regional Development Fund es_ES
dc.contributor.funder Ministerio de Economía y Competitividad es_ES
dc.contributor.funder Generalitat de Catalunya es_ES
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