A hierarchical model for the cash transfer system design problem

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Topaloğlu, Engin and Daşcı, Abdullah and Eken, Hasan M. (2015) A hierarchical model for the cash transfer system design problem. In: 6th International Conference on Computational Logistics, Delft, The Netherlands

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Official URL: http://dx.doi.org/10.1007/978-3-319-24264-4_3


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.

Item Type:Papers in Conference Proceedings
Uncontrolled Keywords:Location; Vehicle routing; VRP; Cash transfer; Inventory management
ID Code:28558
Deposited By:Abdullah Daşcı
Deposited On:23 Dec 2015 17:00
Last Modified:23 Aug 2019 15:18

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