Sound branch cash management for less: A low-cost forecasting algorithm under uncertain demand

Julia García Cabello and F.J. Lobillo

Omega, 2017, vol. 70, issue C, 118-134

Abstract: This paper deals with cash management for bank branches, under the assumption that branches have a role to play in the improvement of global bank institution performance. In the current scenario of unprecedented pressure amongst banks to keep costs under control, our contribution is the design of a sound and low-cost algorithm to optimize branch cash holdings using software implementation in SageMath. It is accompanied by data processing based on 60,000 real banking records. This is the first academic paper to run such an extensive database at branch level.

Keywords: Cash management at banking branch-level; Real bank data processing; Demand forecasting algorithm; Stochastic processes (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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DOI: 10.1016/j.omega.2016.09.005

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