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

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.