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Can you explain the purpose of Miller-Orr Model one of the models for cash management?

Accounting Auditing Financial Reporting Financial Management
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Question added by Frank Mwansa , ACCOUNTING LECTURER , FREELANCER
Date Posted: 2017/10/07
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Tamer Salah
by Tamer Salah , CFO Chief Financial Officer , BELLCOM

Miller-Orr model is used in the management of Cash. Explanation: The Miller-Orr model of cash management is developed for businesses with uncertain cash inflows and outflows. This approach allows lower and upper limits of cash balance to be set and determine the return point (target cash balance).

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