IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI)
The purpose of this study was to examine and find a method that is considered most appropriate for government financial management by determining the optimal level of cash balances to be maintained as cash reserves in case of sudden cash disbursements or cash receipts failure. Cash management model...
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| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2012
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| author | , Catur Rini Ariyanti , Sukmawati Sukamulja, Prof., Dr., M.M. |
| author_facet | , Catur Rini Ariyanti , Sukmawati Sukamulja, Prof., Dr., M.M. |
| author_sort | , Catur Rini Ariyanti |
| collection | UGM |
| description | The purpose of this study was to examine and find a method that is considered
most appropriate for government financial management by determining the
optimal level of cash balances to be maintained as cash reserves in case of sudden
cash disbursements or cash receipts failure. Cash management model used in this
study, the simple cash balance, models of Allais-Baumol-Tobin (BAT) and
Miller-Orr model.
This study uses daily data of government cash flows and also data issuance of
Government Securities. This data be used for determining the target cash balance,
opportunity cost, trading cost, total cost and also the total benefits derived from
each model. The result showed the lowest opportunity cost resulting from the
Miller-Orr model of Rp.1.398.247.667.994,78, the highest trading costs by Miller-
Orr model of Rp.13.536.533.030.107,10 and also the largest total benefit obtained
from this model Rp.6.010.117.328.258.770.
If the comparison between model BAT with the Miller-Orr model, the Miller-
Orr model is better because with a lower cash balance can obtain greater benefits,
but when compared with the simple cash balance, then the simple cash balance is
better than Miller-Orr model because the trading cost difference between this
model is much larger when compared with its opportunity cost difference,
amounting to Rp.12.122.851.447.280,92 for the trading costs and
Rp.11.990.499.820.844, 02 for opportunity cost. |
| first_indexed | 2024-03-13T22:35:22Z |
| format | Thesis |
| id | oai:generic.eprints.org:98216 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:35:22Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:982162016-03-04T08:45:58Z https://repository.ugm.ac.id/98216/ IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) , Catur Rini Ariyanti , Sukmawati Sukamulja, Prof., Dr., M.M. ETD The purpose of this study was to examine and find a method that is considered most appropriate for government financial management by determining the optimal level of cash balances to be maintained as cash reserves in case of sudden cash disbursements or cash receipts failure. Cash management model used in this study, the simple cash balance, models of Allais-Baumol-Tobin (BAT) and Miller-Orr model. This study uses daily data of government cash flows and also data issuance of Government Securities. This data be used for determining the target cash balance, opportunity cost, trading cost, total cost and also the total benefits derived from each model. The result showed the lowest opportunity cost resulting from the Miller-Orr model of Rp.1.398.247.667.994,78, the highest trading costs by Miller- Orr model of Rp.13.536.533.030.107,10 and also the largest total benefit obtained from this model Rp.6.010.117.328.258.770. If the comparison between model BAT with the Miller-Orr model, the Miller- Orr model is better because with a lower cash balance can obtain greater benefits, but when compared with the simple cash balance, then the simple cash balance is better than Miller-Orr model because the trading cost difference between this model is much larger when compared with its opportunity cost difference, amounting to Rp.12.122.851.447.280,92 for the trading costs and Rp.11.990.499.820.844, 02 for opportunity cost. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Catur Rini Ariyanti and , Sukmawati Sukamulja, Prof., Dr., M.M. (2012) IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI). UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=52108 |
| spellingShingle | ETD , Catur Rini Ariyanti , Sukmawati Sukamulja, Prof., Dr., M.M. IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) |
| title | IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) |
| title_full | IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) |
| title_fullStr | IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) |
| title_full_unstemmed | IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) |
| title_short | IMPLEMENTASI CASH MANAGEMENT MODEL (Kasus Pada Direktorat Jenderal Perbendaharaan, Kementerian Keuangan RI) |
| title_sort | implementasi cash management model kasus pada direktorat jenderal perbendaharaan kementerian keuangan ri |
| topic | ETD |
| work_keys_str_mv | AT caturriniariyanti implementasicashmanagementmodelkasuspadadirektoratjenderalperbendaharaankementeriankeuanganri AT sukmawatisukamuljaprofdrmm implementasicashmanagementmodelkasuspadadirektoratjenderalperbendaharaankementeriankeuanganri |