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Boundless multiobjective models for cash management

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Boundless multiobjective models for cash management

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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 2020-05-22T03:03:04Z
dc.date.available 2020-05-22T03:03:04Z
dc.date.issued 2018-05-31 es_ES
dc.identifier.uri http://hdl.handle.net/10251/144104
dc.description "This is an Accepted Manuscript of an article published by Taylor & Francis in Engineering Economist on 31-05-2018, available online: https://doi.org/10.1080/0013791X.2018.1456596" es_ES
dc.description.abstract [EN] Cash management models are usually based on a set of bounds that complicate the selection of the optimal policies due to nonlinearity. We here propose to linearize cash management models to guarantee optimality through linear-quadratic multiobjective compromise programming models. We illustrate our approach through a reformulation of the suboptimal state-of-the-art Gormley-Meade¿s model to achieve optimality. Furthermore, we introduce a much simpler formulation that we call the boundless model that also provides optimal solutions without using bounds. Results from a sensitivity analysis using real data sets from 54 different companies show that our boundless model is highly robust to cash flow prediction errors. es_ES
dc.description.sponsorship Generalitat de Catalunya [2014 SGR 118]; Ministerio de Economia y Competitividad [Collectiveware TIN2015-66863-C2-1-R]. es_ES
dc.language Inglés es_ES
dc.publisher Taylor & Francis es_ES
dc.relation.ispartof Engineering Economist (Online) es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Working capital es_ES
dc.subject Forecasting es_ES
dc.subject Linear-quadratic programming es_ES
dc.subject Risk es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.title Boundless multiobjective models for cash management es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1080/0013791X.2018.1456596 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. (2018). Boundless multiobjective models for cash management. Engineering Economist (Online). 63(4):363-381. https://doi.org/10.1080/0013791X.2018.1456596 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion https://doi.org/10.1080/0013791X.2018.1456596 es_ES
dc.description.upvformatpinicio 363 es_ES
dc.description.upvformatpfin 381 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.description.volume 63 es_ES
dc.description.issue 4 es_ES
dc.identifier.eissn 1547-2701 es_ES
dc.relation.pasarela S\363133 es_ES
dc.contributor.funder European Regional Development Fund es_ES
dc.contributor.funder Generalitat de Catalunya es_ES
dc.contributor.funder Ministerio de Economía y Competitividad es_ES
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