A Model of the Demand for Money by Firms¶
Miller, M. H., & Orr, D. (1966). A Model of the Demand for Money by Firms.
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Domain-specific¶
- Min–Max Inventory
- That structure recurs literally in cash and treasury management (operating cash held inside a band, drawing on credit below the minimum and sweeping excess above the maximum — the Miller–Orr model is the analytical formalization)
This sourceThe stochastic cash-balance model that sets an upper control limit and a lower bound on a firm's cash balance and transacts only when a bound is hit.
- That structure recurs literally in cash and treasury management (operating cash held inside a band, drawing on credit below the minimum and sweeping excess above the maximum — the Miller–Orr model is the analytical formalization)
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Registry ID ref:843b9b8bc212 · see in the full table