Decision support for integrated cash management

摘要

Cash management has attracted the increasing attention of both academicians and practitioners in recent time. The expanding role and responsibilities of cash managers and corporate treasurers is likely to increase the focus on cash management as a vital organizational function. Academic research, however, has primarily focused on providing analytical tools to solve well structured problems that are relatively isolated in nature. Conspicuously, no attempt has been made to integrate the various sub-problems of cash management explicitly recognizing interrelationships among the sub-problems as well as between the sub-problems and other financial decisions. More importantly, there is an even greater need to provide a framework that in addition to recognizing the above interrelationships will enable the cash manager to recognize a more inclusive set of dependencies that exist in practice.