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

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  • García Cabello, Julia
  • Lobillo, F.J.

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.

Suggested Citation

  • García Cabello, Julia & Lobillo, F.J., 2017. "Sound branch cash management for less: A low-cost forecasting algorithm under uncertain demand," Omega, Elsevier, vol. 70(C), pages 118-134.
    • Handle: RePEc:eee:jomega:v:70:y:2017:i:c:p:118-134
    DOI: 10.1016/j.omega.2016.09.005
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    Cited by:

    1. Cabello, Julia García, 2019. "A decision model for bank branch site selection: Define branch success and do not deviate," Socio-Economic Planning Sciences, Elsevier, vol. 68(C).

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