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Note--On "Location of Bank Accounts to Optimize Float: An Analytic Study of Exact and Approximate Algorithms"

Author

Listed:
  • Gerard Cornuejols

    (Carnegie-Mellon University)

  • Marshall L. Fisher

    (University of Pennsylvania)

  • George L. Nemhauser

    (Cornell University)

Abstract

In the course of the deliberations of the 1977 Lanchester Prize Committee, Alan J. Goldman brought to our attention an error in the proof of Lemma 1 of our paper (Cornuejols, G., M. L. Fisher, G. L. Nemhauser. 1977. Location of bank accounts to optimize float: an analytic study of exact and approximate algorithms. Management Sci. 23 789-810.). The lemma, however, is true and the original correct, but long and intricate, proof was provided to the Committee, see (Cornuejols, G., M. L. Fisher, G. L. Nemhauser. 1977. On the uncapacitated location problem. Ann. Discrete Math. 1 163-178.) for details.

Suggested Citation

  • Gerard Cornuejols & Marshall L. Fisher & George L. Nemhauser, 1979. "Note--On "Location of Bank Accounts to Optimize Float: An Analytic Study of Exact and Approximate Algorithms"," Management Science, INFORMS, vol. 25(8), pages 808-809, August.
    • Handle: RePEc:inm:ormnsc:v:25:y:1979:i:8:p:808-809
    DOI: 10.1287/mnsc.25.8.808
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    Cited by:

    1. Chen Chao & Tian Zhihui & Yao Baozhen, 2019. "Optimization of two-stage location–routing–inventory problem with time-windows in food distribution network," Annals of Operations Research, Springer, vol. 273(1), pages 111-134, February.
    2. Chen, Albert Y. & Yu, Ting-Yi, 2016. "Network based temporary facility location for the Emergency Medical Services considering the disaster induced demand and the transportation infrastructure in disaster response," Transportation Research Part B: Methodological, Elsevier, vol. 91(C), pages 408-423.

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