摘要
给出了一种上市公司最佳现金持有水平的计算预测方法,并利用影响公司现金持有的主要因素,拟合出现金持有水平的经验关系式.作为企业,应尽量提高现金的使用效率,同时保证收支平衡.基于此,建立了双目标规划模型,并分别解出过去n个时期（含当前时期）的最佳持有水平.利用未来发展趋势的灰色模型和可以反映随机波动的平滑指数法预测了未来时期的最佳持有水平.
This paper presents a calculation and prediction method of the optimal cash holding level.First,by using the main factors which affects company cash holding level,we obtain the empirical formula of the holding level by fitting with relevant financial data.Enterprises should try to improve efficiency of using cash and ensure the balance of payments at the same time.Based on this,two-objective programming model is established and the optimal solution in the past different periods（including the current period）is respectively figured out.The paper predicts the optimal cash holding level in the future period by adopting the gray model,which focuses on the development trend of the future,and exponential smoothing method which can reflect the random fluctuations.
出处
《河南理工大学学报（自然科学版）》
CAS
2010年第4期547-550,共4页
Journal of Henan Polytechnic University（Natural Science）
基金
河南理工大学青年基金资助项目(Q2009-45,Q2008-57)
关键词
现金持有水平
回归模型
双目标规划
灰色模型
平滑指数法
cash holding level
regression model
two-objective programming
gray model
exponential smoothing method
