Research Reports from the Department of Operations
Document Type
Dissertation
Publication Date
8-1-1974
Abstract
The subject of this thesis is the check processing system of a large commercial bank. The scientific method of analysis and synthesis are employed to identify the important aspects of the problem, to define the models, and their inter-relationships. The thesis also includes a discussion of the important aspects of solution implementation and evaluation. The system is neither viewed nor treated as a collection of separate problems but as a coherent set of interactive problems, involving a myriad of constraints, inter-relationships, and sometimes contradictory objectives. The mathematical models employed include the only available (to date) M-salesman traveling salesman algorithm, a bottleneck assignment algorithm, linear regression models, a dynamic programming model, and a host of special heuristics and data processing programs. Although there is no claim to optimality, the resulting system model has been successful in reducing operating expenses and is currently employed to maintain an efficient check clearing system at The Cleveland Trust Company.
Keywords
Operations research, Cleveland Trust Company, Banks and banking--Data processing--Case studies, Traveling salesman problem, Assignment problems (Programming), Regression analysis, DYNAMO (Computer program language), Check collection systems, System analysis, Heuristic algorithms
Publication Title
Dissertation, Department of Operations Research, Case Western Reserve University
Issue
Technical memorandum no. 338 ; Submitted in partial fulfillment of the requirements for the Degree of Doctor of Philosophy.
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Svestka, Joseph A., "Applications of Operations Research to A Check Processing System" (1974). Research Reports from the Department of Operations. 49.
https://commons.case.edu/wsom-ops-reports/49