Question

_________model applies EOG for cash management.​

Answer 1

Answer:

"The Miller-Orr model, will work as follows:

The Miller-Orr model, will work as follows:(i) When cash balance touched the upper control limit (h), securities are bought to the extent of Rs. (h-z). (ii) Then the new cash balance is z. (iii) When cash balance touches lower control limit (o), marketable securities to the extent of Rs."