A Novel Fuzzy Regression Approach on Managing Target Cash Balance for Construction Firms

C.W. Chen, C.H. Tsai, C.P. Tseng, M.H.L. Wang, and P.Y. Chung (Taiwan)


Fuzzy Logic, capital management.


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. Based on the technique of Takagi-Sugeno (T-S) fuzzy model, the fuzzy S-curve regression is hereby constructed in this paper.

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