Evaluating forecasting methods for cash management in the Navy Working Capital Fund
Bestercy, Robert J.
Liao, Shu S.
Mutty, John E.
MetadataShow full item record
This thesis researches business forecasting models and methodologies for application in the management of cash in the Navy Working Capital Fund (NWCF). The recent dissolution of the Defense Business Operations Fund (DBOF) and establishment of the service Working Capital Funds has resulted in an increased emphasis on effective cash management practices at the service level. Unpredicted outlays in an era of severely declining budgets have caused farther scrutiny of cash management practices in the NWCF, which generates nearly $20 billion annually in revenues and expenditures. Forecasting models within the NWCF and outside the Department of Defense were evaluated for potential application at the Assistant Secretary of the Navy (Financial Management & Comptroller) (ASN (FM&C) and Supply Management Activity Group (NWCF-SM) level of the NWCF. Specifically, the NWCF-SM expenditures forecasting model was analyzed and evaluated for possible implementation across all NWCF business activities. Additionally, a developmental cash management system was analyzed and recommendations were made for improvement. Finally, several forecasting methodologies and private sector forecasting benchmarks were discussed to illustrate techniques that may be applicable in NWCF cash management. Cash collection and disbursement data were collected at ASN (FM&C) and NWCF-SM and evaluated for forecasting possibilities in the aforementioned models and methodologies. A simple probabilistic model was presented for application in NWCF cash management
Approved for public release; distribution is unlimited
Showing items related by title, author, creator and subject.
Assessing contract management maturity: U.S. Army Joint Munitions and Lethality Contracting Center, Army Contracting Command, Picatinny Arsenal Puma, Kevin P.; Scherr, Beth A. (Monterey, California. Naval Postgraduate School, 2009-09);This Joint Applied Project assesses the maturity levels of the contracting processes capabilities at the Joint Munitions and Lethality (JMandL) Contracting Center, located at Picatinny Arsenal, New Jersey by applying the ...
Garrabrants, William M.; Ellis, Alfred W. III (Monterey, California. Naval Postgraduate School, 1990-03);This thesis develops a comparative evaluation method for computer security risk management methodologies and tools. The subjective biases inherent to current comparison practices are reduced by measuring unique characteristics ...
Improving the Turkish Navy requirements determination process ban assessment of demand forecasting methods for weapon system items Unlu, Naim Teoman. (Monterey, California. Naval Postgraduate School, 2001-12);Requirements determination is the process the Inventory Control Center Command (ICCC) uses to forecast future customer demands and to set levels of inventory to satisfy those demands. Demand forecasting is the essence of ...