Locating and Sizing Bank-Branches by Opening, Closing or Maintaining Facilities

Marta S. Rodrigues Monteiro () and Dalila B. M. M. Fontes ()
Additional contact information
Marta S. Rodrigues Monteiro: Universidade do Minho
Dalila B. M. M. Fontes: LIACC

A chapter in Operations Research Proceedings 2005, 2006, pp 303-308 from Springer

Abstract: Summary The bank-branch restructuring problem seeks to locate bank-branches by maintaining, closing, or opening branches, to provide the service required by clients, at minimum total cost. This nonlinear problem, due to the existence of economies of scale, is formulated as a mixed binary, integer linear model. The model obtained can be solved by a ready-available software. However, due to the problem combinatorial nature, only small size instances can be solved. Thus, we also propose a local search heuristic that iteratively improves the solution obtained for a related linear problem by applying drop and swap operations. The computational experiments performed show the effectiveness and efficiency of the proposed heuristic.

Keywords: Bank-branch; Location; Concave Optimization; Heuristics (search for similar items in EconPapers)
Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-32539-0_48

Ordering information: This item can be ordered from
http://www.springer.com/9783540325390

DOI: 10.1007/3-540-32539-5_48

Access Statistics for this chapter

More chapters in Operations Research Proceedings from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().