Pareto improvement and joint cash management optimisation for banks and cash-in-transit firms
| Autor: | Kolos Csaba Ágoston, Zsolt Gilányi, Gábor Benedek |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Information Systems and Management
General Computer Science media_common.quotation_subject 02 engineering and technology Management Science and Operations Research Cash flow forecasting Industrial and Manufacturing Engineering Terminal value Cash and carry 0502 economics and business 0202 electrical engineering electronic engineering information engineering Economics 050207 economics Cash management media_common Finance Actuarial science business.industry 05 social sciences Cash conversion cycle Operating cash flow Modeling and Simulation Cash 020201 artificial intelligence & image processing Cash flow statement business |
| Zdroj: | European Journal of Operational Research. 254:1074-1082 |
| ISSN: | 0377-2217 |
| DOI: | 10.1016/j.ejor.2016.04.045 |
| Popis: | Improving the ATM cash management techniques of banks has already received significant attention in the literature as a separate optimisation problem for banks and the independent firms that supply cash to automated teller machines. This article concentrates instead on a further possibility of cost reduction: optimising the cash management problem as one single problem. Doing so, contractual prices between banks and the cash in transit firms can be in general modified allowing for further cost reduction relative to individual optimisations. In order to show the pertinence of this procedure, we have determined possible Pareto-improvement re-contracting schemes based on a Baumol-type cash demand forecast for a Hungarian commercial bank resulting in substantial cost reduction. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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