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Theory and Application of an Optimizing Procedure for Lock Box Location Analysis

Author

Listed:
  • Robert M. Nauss

    (University of Missouri-St. Louis)

  • Robert E. Markland

    (University of South Carolina)

Abstract

This paper describes the theory, development, and application of an optimizing procedure for solving lock box location problems. Such problems have become increasingly important to banks, corporations, and governmental agencies in their quest for more efficient cash management. Extensive discussion of practical data collection and modeling aspects is provided. An optimizing procedure for solving the problem is discussed, and computational results are reported.

Suggested Citation

  • Robert M. Nauss & Robert E. Markland, 1981. "Theory and Application of an Optimizing Procedure for Lock Box Location Analysis," Management Science, INFORMS, vol. 27(8), pages 855-865, August.
    • Handle: RePEc:inm:ormnsc:v:27:y:1981:i:8:p:855-865
    DOI: 10.1287/mnsc.27.8.855
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    Cited by:

    1. Drexl, Andreas & Klose, Andreas, 2001. "Facility location models for distribution system design," Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel 546, Christian-Albrechts-Universität zu Kiel, Institut für Betriebswirtschaftslehre.
    2. F J Vasko & D D Newhart & K L Stott & F E Wolf, 2003. "A large-scale application of the partial coverage uncapacitated facility location problem," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 54(1), pages 11-20, January.
    3. Klose, Andreas & Drexl, Andreas, 2005. "Facility location models for distribution system design," European Journal of Operational Research, Elsevier, vol. 162(1), pages 4-29, April.

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