Optimal cash holding decision with uncertain control

被引:2
作者
Wang, Zhengyan [1 ,2 ]
Xu, Guanghua [2 ]
机构
[1] Yancheng Inst Technol, Sch Econ & Management, Yancheng, Peoples R China
[2] Nanjing Univ Sci & Technol, Dept Econ & Management, Nanjing 210094, Peoples R China
基金
中国国家自然科学基金;
关键词
Cash holding; uncertain model; safe area; Lagrange function; DETERMINANTS; DEMAND; MODEL;
D O I
10.1080/23307706.2020.1765204
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
The decision-making of cash holdings is very important for the daily operation of enterprises. This present paper tries to establish uncertain optimal cash holding models with the constraint of safe cash holding area, and discusses the solutions of the models by establishing Lagrange function under KKT condition. On the one hand, this paper enriches the existing cash holding models, on the other hand, it is also a comprehensive discussion on the application of uncertainty theory in cash holding management.
引用
收藏
页码:292 / 302
页数:11
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