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ERIC Number: ED184207
Record Type: RIE
Publication Date: 1980
An Integer Programming Approach to School District Financial Management.
Dembowski, Frederick L.
Because of the nature of school district cash flows, there are opportunities for investing surplus cash and the necessity to borrow cash in deficit periods. The term structure of interest rates makes the manual determination of the optimal financial package impossible. In this research, an integer programming model of this cash management process was formulated and empirically tested. The model determines the optimal timing and amounts of any investments or loans necessary, resulting in the maximization of net interest earnings. The universal use of this model could result in millions of additional dollars annually in American school district interest revenues. (Author)
Publication Type: Speeches/Meeting Papers; Reports - Descriptive
Education Level: N/A
Authoring Institution: N/A
Note: Paper presented at the Annual Meeting of the American Educational Research Association (Boston, MA, April 7-11, 1980).