1 / 4

Bank Location

Bank Location. Team 3. Bank Location.

diallo
Download Presentation

Bank Location

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Bank Location Team 3

  2. Bank Location • The long-range planning department for the Ohio Trust Company is considering expanding its operation into a 20-county region in NE Ohio. Currently, Ohio Trust does not have a principal place of business in any of the 20 counties. According to the banking laws in Ohio, if a bank establishes a principal place of business (PPB) in any county, branch banks can be estd in that county and in any adjacent county. However, to establish a new PPB, Ohio Trust must either obtain approval for a new bank from the state’s superintendent of banks or purchase an existing bank.

  3. Decision variables Let xi= 1 if a PBB is estd in county i; 0 otherwise • Objective Function Minimise: Z= x1+x2+x3.,.,.x20 • Subject to: x1 + x2 + x12 + x16 >= 1 (Ashtabula) x1 + x2 + x3 + x12 >= 1 (Lake) . . x11 +x14 +x19 +x20 >= 1 (Carrol) • Non-negativity Xi = 0,1 i = 1,2,.,., 20

More Related