Empowering cash managers to achieve cost savings by improving predictive accuracy

  title={Empowering cash managers to achieve cost savings by improving predictive accuracy},
  author={Francisco Salas-Molina and Francisco J. Martin and Juan A. Rodŕıguez-Aguilar and Joan and Serr{\`a} and Josep Ll. Arcos},
Cash management is concerned with optimizing the short-term funding requirements of a company. To this end, different optimization strategies have been proposed to minimize 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. In this article, using two real data sets from the textile industry, we show that predictive accuracy is highly correlated with cost savings when using… CONTINUE READING
0 Citations
57 References
Similar Papers


Publications referenced by this paper.
Showing 1-10 of 57 references

day-ahead pool-based electric energy market

  • A. Criminisi, J. Shotton
  • International Journal of Forecasting,
  • 2013
Highly Influential
4 Excerpts

Random decision forests

  • T. K. Press. Ho
  • In Document Analysis and Recognition,
  • 1995
Highly Influential
3 Excerpts

The pricing of options and corporate liabilities

  • F. Black, M. Scholes
  • Quarterly Journal of Economics,
  • 1973
Highly Influential
6 Excerpts

The transactions demand for cash: An inventory theoretic approach

  • W. J. Baumol
  • The Quarterly Journal of Economics
  • 1952
Highly Influential
6 Excerpts

Encompassing and automatic model selection

  • J. A. 1–15. Springer. Doornik
  • Oxford Bulletin of Economics
  • 2008
Highly Influential
3 Excerpts

forecast : Forecasting functions for time series and linear models

  • R. J. Hyndman
  • 2016

Similar Papers

Loading similar papers…