Topaloğlu, EnginDaşcı, AbdullahEken, Mehmet Hasan2020-11-212020-11-2120150302-97439.78332E+12https://doi.org/10.1007/978-3-319-24264-4_3https://hdl.handle.net/11467/35786th International Conference on Computational Logistics, ICCL 2015 -- 23 September 2015 through 25 September 2015 -- -- 141429This paper presents a hierarchical model that incorporates strategic, tactical, and operational decisions of cash transfer management system of a bank. The aim of the model is to decide on the location of cash management centers, the number and routes of vehicles, and the cash inventory management policies to minimize the cost of owning and operating a cash transfer system while maintaining a pre-defined service level. Owing to the difficulty of finding optimal decisions in such integrated models, an iterative solution approach is proposed in which strategic, tactical, and operational problems are solved separately via a feedback mechanism. Numerical results show that such an approach is quite effective in reaching at greatly improved solutions with just a few iterations, making it a very promising approach for similar models. © Springer International Publishing Switzerland 2015.eninfo:eu-repo/semantics/closedAccessCash transferInventory managementLocationVehicle routingVRPConference Object93353145N/AWOS:000365946400003Q32-s2.0-8495112338710.1007/978-3-319-24264-4_3