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Cost-minimizing cash-keeping models for private and institutional investors

Cash Management and Securities Investment pp 21-237 | Cite as

Part of the NBF New Business Research book series (NBF, volume 7)


This chapter describes the multi-period cash-keeping models developed in the literature, which are generalizations of the stock-keeping theory 1) have arisen, reproduced and criticized with their essential results. These are strategic models that serve to develop conditional recommendations for all admissible values ​​of the state variables describing the decision situation, which can be formally combined in a state vector. The values ​​of the state variables represent stochastic quantities in cash management models with stochastic money demands.

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