Table 2 Characteristics of CMP models (II)
From: A multidimensional review of the cash management problem
Reference | Objective | Solver | Accounts |
|---|---|---|---|
Baumol (1952) | Cost | Analytic | Single |
Tobin (1956) | Cost | Analytic | Single |
Miller and Orr (1966) | Cost | Analytic | Single |
Eppen and Fama (1969) | Cost | Dynamic programming | Single |
Daellenbach (1971) | Cost | Dynamic programming | Single |
Stone (1972) | Cost | Simulation | Single |
Constantinides and Richard (1978) | Cost | Analytic | Single |
Penttinen (1991) | Cost | Dynamic programming | Single |
Gormley and Meade (2007) | Cost | Evolutionary | Single |
Chen and Simchi-Levi (2009) | Cost | Dynamic programming | Single |
Baccarin (2009) | Cost | Finite element method | Multiple |
Bensoussan et al. (2009) | Cost | Maximum principle | Single |
da Costa Moraes and Nagano (2014) | Cost | Genetic algorithm | Single |
Salas-Molina et al. (2018) | Cost and risk | Compromise programming | Single |
Schroeder and Kacem (2020) | Cost regret | Min-max regret algorithm | Single |
Salas-Molina et al. (2020) | Cost, risk, stability | Stochastic programming | Multiple |