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A Hierarchical Model for the Cash Transfer System Design Problem

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Computational Logistics (ICCL 2015)

Part of the book series: Lecture Notes in Computer Science ((LNTCS,volume 9335))

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Abstract

This paper presents a hierarchical model that incorporates strategic, tactical, and operational decisions of cash transfer management system of a bank. The aim of the model is to decide on the location of cash management centers, the number and routes of vehicles, and the cash inventory management policies to minimize the cost of owning and operating a cash transfer system while maintaining a pre-defined service level. Owing to the difficulty of finding optimal decisions in such integrated models, an iterative solution approach is proposed in which strategic, tactical, and operational problems are solved separately via a feedback mechanism. Numerical results show that such an approach is quite effective in reaching at greatly improved solutions with just a few iterations, making it a very promising approach for similar models.

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Author information

Authors and Affiliations

  1. Turkiye Is Bankasi, 34330, Besiktas, Istanbul, Turkey

    Engin Topaloglu

  2. Sabanci University, 34956, Tuzla, Istanbul, Turkey

    Abdullah Dasci

  3. Istanbul Commerce University, 34134, Beyoglu, Istanbul, Turkey

    M. Hasan Eken

Authors
  1. Engin Topaloglu
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  2. Abdullah Dasci
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  3. M. Hasan Eken
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Corresponding author

Correspondence to Abdullah Dasci .

Editor information

Editors and Affiliations

  1. Delft University of Technology, Delft, The Netherlands

    Francesco Corman

  2. University of Hamburg, Hamburg, Germany

    Stefan Voß

  3. Delft University of Technology, Delft, The Netherlands

    Rudy R. Negenborn

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© 2015 Springer International Publishing Switzerland

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Topaloglu, E., Dasci, A., Hasan Eken, M. (2015). A Hierarchical Model for the Cash Transfer System Design Problem. In: Corman, F., Voß, S., Negenborn, R. (eds) Computational Logistics. ICCL 2015. Lecture Notes in Computer Science(), vol 9335. Springer, Cham. https://doi.org/10.1007/978-3-319-24264-4_3

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  • DOI: https://doi.org/10.1007/978-3-319-24264-4_3

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-24263-7

  • Online ISBN: 978-3-319-24264-4

  • eBook Packages: Computer ScienceComputer Science (R0)

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