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Note—On “Location of Bank Accounts to Optimize Float: An Analytic Study of Exact and Approximate Algorithms”
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1979
Year
Mathematical ProgrammingEngineeringBank AccountsApproximate AlgorithmsDiscrete OptimizationOperations ResearchComputational FinanceDiscrete MathematicsDigital BankingCombinatorial OptimizationApproximation TheoryLanchester Prize CommitteeCombinatorial ProblemUncapacitated Location ProblemFinanceTheory Of ComputingAnalytic StudyApproximate Algorithms ”Optimization ProblemFinancial Engineering
In the course of the deliberations of the 1977 Lanchester Prize Committee, Alan J. Goldman brought to our attention an error in the proof of Lemma 1 of our paper (Cornuejols, G., M. L. Fisher, G. L. Nemhauser. 1977. Location of bank accounts to optimize float: an analytic study of exact and approximate algorithms. Management Sci. 23 789–810.). The lemma, however, is true and the original correct, but long and intricate, proof was provided to the Committee, see (Cornuejols, G., M. L. Fisher, G. L. Nemhauser. 1977. On the uncapacitated location problem. Ann. Discrete Math. 1 163–178.) for details.