During any month, Cascho has a 0.5 chance of receiving a $1000 cash inflow and a 0.5
chance that there will be a $1000 cash outflow. For every $1000 in cash on hand at the end
of a month, Cascho incurs a $15 cost (due to lost interest). At the beginning of each month,
Cascho can adjust its on-hand cash balance upward or downward with the cost per
transaction being $20. Cascho can never let the on-hand balance become negative. The
company is considering the following two cash policies:
Policy 1: At the beginning of a month, in which the on-hand cash balance is $3000,
immediately reduce the cash balance to $1000. At the beginning of a month in which the
on-hand cash balance is $0, immediately bring the on-hand cash balance up to $1000.
Policy 2: At the beginning of a month, in which the on-hand cash balance is $4000,
immediately reduce the cash balance to $2000. At the beginning of a month in which the
on-hand cash balance is $0, immediately bring the on-hand cash balance up to $2000.
Which policy will incur a smaller expected monthly cost (opportunity plus transaction)?
The sequence of events during each month is as follows:
Observe the beginning cash balance.
Adjust (if desired) cash balance.
Cash balance changes.
Opportunity cost is assessed.
ne demek istiyor bu soruda tam olarak?
chance that there will be a $1000 cash outflow. For every $1000 in cash on hand at the end
of a month, Cascho incurs a $15 cost (due to lost interest). At the beginning of each month,
Cascho can adjust its on-hand cash balance upward or downward with the cost per
transaction being $20. Cascho can never let the on-hand balance become negative. The
company is considering the following two cash policies:
Policy 1: At the beginning of a month, in which the on-hand cash balance is $3000,
immediately reduce the cash balance to $1000. At the beginning of a month in which the
on-hand cash balance is $0, immediately bring the on-hand cash balance up to $1000.
Policy 2: At the beginning of a month, in which the on-hand cash balance is $4000,
immediately reduce the cash balance to $2000. At the beginning of a month in which the
on-hand cash balance is $0, immediately bring the on-hand cash balance up to $2000.
Which policy will incur a smaller expected monthly cost (opportunity plus transaction)?
The sequence of events during each month is as follows:
Observe the beginning cash balance.
Adjust (if desired) cash balance.
Cash balance changes.
Opportunity cost is assessed.
ne demek istiyor bu soruda tam olarak?
Ölme eşşeğim ölme diyor tam anlamıyla.
Hallerlale
hadi bi el atın şuna, başını çevirseniz de olur.
gonul_isleri
herhangi bir ay suresince, Cascho'nun $1000 nakit almasi icin 0.5 sansi var ve $1000 nakit cikisi icin de 0.5 snsi var. Bir ay sonunda elindeki her $1000 icin $15 gideri var (faiz kaybi yuzunden). Cascho her ayin basinda elindeki nakit dengesini yukari ya da asagiya duzenleyebilir, her islem basina $20 odeyerek. Cascho'nun elindeki para asla negatif olmamali. Sirketin dusundugu iki turlu nakit proseduru var:
papalindo
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