A dynamic deterministic model for international cash management

R Adkins

Omega, 1991, vol. 19, issue 5, 345-360

Abstract: The continual growth and proliferation of multinational firms has made the task of managing international cash payments exceedingly complex. This has prompted the design and construction of deterministic network-based models to aid management in deriving efficient programmes of payments netting in a multicurrency environment. Previous solutions have been limited by either adopting a single period approach, or neglecting the cost compounding effects of executing financial contracts, or lacking the scope to fit into a global cash management system. The present formulation attempts to resolve these mismatches by adopting a wider perspective than currency netting. The model is designed using a network formulation driven by an objective function based on the maximal flow principle and illustrated by an example.

Keywords: international; cash; management; network; flows (search for similar items in EconPapers)
Date: 1991
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