Managing Target Cash Balance in Construction Firms Using Novel Fuzzy Regression Approach

  • Authors:
  • Chung-Fah Huang;Morris H. Wang;Cheng-Wu Chen

  • Affiliations:
  • Department of Civil Engineering, National Kaohsiung University of Applied Sciences, Kaohsiung 807, Taiwan, R.O.C.;Department of Civil Engineering, Vanung University, Chung-li, Taiwan 320, R.O.C.;Department of Logistics Management, Shu-Te University, Yen Chau, Kaohsiung, Taiwan 82445, R.O.C.

  • Venue:
  • ICIC '07 Proceedings of the 3rd International Conference on Intelligent Computing: Advanced Intelligent Computing Theories and Applications. With Aspects of Artificial Intelligence
  • Year:
  • 2009

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Abstract

This study presented the cash portion of working capital management (WCM) by using the concept of target cash balance and developed a practical model for construction firms in Taiwan for rationalizing the amount of cash and current assets which should be possessed in any point of time. The model developed by Miller and Orr is introduced here for understanding the issues involved. Because the S-curve has unique merits to represent the relationship between project duration and complete progress in practical usage of construction management, based on the technique of Takagi-Sugeno (T-S) fuzzy model, the fuzzy S-curve regression is hereby constructed in this paper.