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A multi-objective approach to the cash management problem

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A multi-objective approach to the cash management problem

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dc.contributor.author Salas-Molina, Francisco es_ES
dc.contributor.author Pla Santamaría, David es_ES
dc.contributor.author Rodriguez Aguilar, Juan Antonio es_ES
dc.date.accessioned 2017-06-09T10:11:27Z
dc.date.available 2017-06-09T10:11:27Z
dc.date.issued 2016-11
dc.identifier.issn 0254-5330
dc.identifier.uri http://hdl.handle.net/10251/82639
dc.description.abstract [EN] 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 model based on compromise programming that allows cash managers to select the best policies, in terms of cost and risk, according to their risk preferences. The model is illustrated through several examples using real data from an industrial company, alternative cost scenarios and two different measures of risk. As a result, we provide cash managers with a new tool to allow them deciding on the level of risk to take in daily decision-making. es_ES
dc.description.sponsorship Work partially funded by projects Collectiveware TIN2015-66863-C2-1-R (MINECO/FEDER) and 2014 SGR 118.
dc.language Inglés es_ES
dc.publisher Springer Verlag (Germany) es_ES
dc.relation.ispartof Annals of Operations Research es_ES
dc.rights Reserva de todos los derechos es_ES
dc.subject Cash management es_ES
dc.subject Multi-objective decision-making es_ES
dc.subject Risk preferences es_ES
dc.subject.classification ECONOMIA FINANCIERA Y CONTABILIDAD es_ES
dc.title A multi-objective approach to the cash management problem es_ES
dc.type Artículo es_ES
dc.identifier.doi 10.1007/s10479-016-2359-1
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. Escuela Politécnica Superior de Alcoy - Escola Politècnica Superior d'Alcoi es_ES
dc.description.bibliographicCitation Salas-Molina, F.; Pla Santamaría, D.; Rodriguez Aguilar, JA. (2016). A multi-objective approach to the cash management problem. Annals of Operations Research. 1-15. https://doi.org/10.1007/s10479-016-2359-1 es_ES
dc.description.accrualMethod S es_ES
dc.relation.publisherversion http://dx.doi.org/10.1007/s10479-016-2359-1 es_ES
dc.description.upvformatpinicio 1 es_ES
dc.description.upvformatpfin 15 es_ES
dc.type.version info:eu-repo/semantics/publishedVersion es_ES
dc.relation.senia 320713 es_ES
dc.identifier.eissn 1572-9338
dc.contributor.funder Ministerio de Economía y Competitividad
dc.contributor.funder Generalitat de Catalunya
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