配偶 发表于 2025-3-25 07:18:40
Santanu Pattanayaks on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaete978-3-642-77886-5978-3-642-77884-1nostrum 发表于 2025-3-25 10:41:53
Santanu Pattanayakossible dividend payout. Hence, if the level of future sales is uncertain the firm’s cash management is an important aspect of the firm’s policy. In deterministic models there is no reason to keep cash, because (operating and investment) expenses can be planned such that they never exceed future (kngenesis 发表于 2025-3-25 15:17:48
Santanu Pattanayakossible dividend payout. Hence, if the level of future sales is uncertain the firm’s cash management is an important aspect of the firm’s policy. In deterministic models there is no reason to keep cash, because (operating and investment) expenses can be planned such that they never exceed future (kncreditor 发表于 2025-3-25 16:00:10
Santanu Pattanayaks on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaete978-3-642-77886-5978-3-642-77884-1窗帘等 发表于 2025-3-25 21:56:40
Santanu Pattanayakossible dividend payout. Hence, if the level of future sales is uncertain the firm’s cash management is an important aspect of the firm’s policy. In deterministic models there is no reason to keep cash, because (operating and investment) expenses can be planned such that they never exceed future (knMODE 发表于 2025-3-26 03:37:29
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y introducing a Gaussian stochastic variable in the sales function. Because the future sales rate is uncertain it may happen that sales suddenly fall below the expenses level, where expenses consist of dividend payments and investment, implying the occurrence of net cash outflows. Therefore a certai