English   español  
Please use this identifier to cite or link to this item: http://hdl.handle.net/10261/154743
Share/Impact:
Statistics
logo share SHARE logo core CORE   Add this article to your Mendeley library MendeleyBASE

Visualizar otros formatos: MARC | Dublin Core | RDF | ORE | MODS | METS | DIDL
Exportar a otros formatos:

Title

Empowering cash managers to achieve cost savings by improving predictive accuracy

AuthorsSalas-Molina, Francisco; Martin, Francisco J.; Rodríguez-Aguilar, Juan Antonio ; Serra, Joan; Arcos Rosell, Josep Lluís
KeywordsNon-linear time series
Cash management
Decision support
Forecasting
Issue Date2017
PublisherElsevier
CitationInternational Journal of Forecasting 33: 403- 415 (2017)
AbstractCash management is concerned with optimizing a company's short-term funding requirements. To this end, various different optimization strategies have been proposed for minimizing costs, using daily cash flow forecasts as the main input to the models. However, the effect of the accuracy of such forecasts on cash management policies has not been studied. This article uses two real data sets from the textile industry to show that the predictive accuracy is highly correlated with cost savings when daily forecasts are used in cash management models. A new method is proposed to help cash managers estimate whether their efforts in improving the predictive accuracy are rewarded by proportional cost savings. Our results indicate the need for an analysis of the potential cost savings derived from improving the predictive accuracy. On that basis, the search for better forecasting models is in place in order to improve cash management.
URIhttp://hdl.handle.net/10261/154743
DOI10.1016/j.ijforecast.2016.11.002
Identifiersdoi: 10.1016/j.ijforecast.2016.11.002
issn: 0169-2070
Appears in Collections:(IIIA) Artículos
Files in This Item:
File Description SizeFormat 
accesoRestringido.pdf15,38 kBAdobe PDFThumbnail
View/Open
Show full item record
Review this work
 

Related articles:


WARNING: Items in Digital.CSIC are protected by copyright, with all rights reserved, unless otherwise indicated.