scholarly journals Development of a Cash Flow Forecasting Model for Housing Construction

2012 ◽  
Vol 12 (3) ◽  
pp. 257-265 ◽  
Author(s):  
Joo-Hwan Jang ◽  
Ju-Hyung Kim ◽  
Nam-Yong Jee
Keyword(s):  
Cash Flow ◽  
Housing Construction ◽  
Forecasting Model ◽  
Cash Flow Forecasting

Review and Update of Virginia Department of Transportation's Cash Flow Forecasting Model

1997 ◽  
Vol 1576 (1) ◽  
pp. 10-19 ◽  
Author(s):  
James S. Gillespie ◽  
Cherie A. Kyte
Keyword(s):  
Cash Flow ◽  
Flow Model ◽  
Forecasting Model ◽  
Department Of Transportation ◽  
Construction Contracts ◽  
Forecasting Method ◽  
Cash Flow Forecasting ◽  
Transportation Departments ◽  
Virginia Department ◽  
Operational Aspects

Accurate predictions of cash balances are essential to the month-to-month operations of transportation departments. The Virginia Department of Transportation (VDOT) relies on a general cash flow forecasting model to predict monthly outflows and inflows of cash to various activities. VDOT’s model was developed in the mid-1980s and reflects the realities of that time. Much has changed in the operational aspects of VDOT since then. The cash flow model was updated. The research focused on two components (or submodels) of the general cash flow model: the monthly factors submodel, which is used to forecast monthly expenditures on construction contracts, and the maintenance expenditures submodel, which is used to forecast monthly outlays on maintenance activities. The result was an update of the basic elements of the monthly factors submodel while, for the most part, retaining the original underlying methodology. The research yielded a new methodology for the prediction of monthly expenditures on maintenance. The new forecasting method is based on a regression equation.

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