Abstract
In this paper a stochastic programming framework for liquidity management of commercial banks in Zimbabwe is developed. The paper sets out to explain an important financial planning model for liquidity management; in particular it discusses why in practice optimum planning models are used. The ability to build an integrated approach which combines treasury security assets models with that of income generating decisions have proved desirable and more efficient in that it can lead to better liquidity decisions. The role of uncertainty and quantification of risk in these planning models is considered.
Original language | English |
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Pages (from-to) | 49 - 64 |
Number of pages | 16 |
Journal | International Journal of Business and Management |
Volume | 7 |
Issue number | 9 |
DOIs | |
Publication status | Published - 2012 |