Journal Article Note Get access P. Frevert P. Frevert University of Kansas Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 38, Issue 2, April 1971, Pages 269–270, https://doi.org/10.2307/2296784 Published: 01 April 1971
I. The modified CPCS model and its economic significance, 704. — II. The solution of the model, 706. — III. The equilibrium growth path, 707. — IV. Conclusion, 708.
I. The model, 624. — II. Nonreversed factor intensities, 627. — III. Reversed physical factor intensities, 640. — IV. Reversed value factor intensities, 641. — V. Concluding remarks, 641. — Mathematical appendix, 643.
Journal of Financial and Quantitative Analysis19716(1), 659
The problem of cash management, in its simplest form, is to formulate decision rules which control the level of a firm's cash balance to meet its demands for cash at minimum total discounted cost. Control is achieved by transacting securities for cash. The cost of control is the commission expense [13]. Optimality depends on balancing excess opportunity costs of holding balances which are too large and having excess buying and selling costs (to meet cash obligations) of balances which are too small.