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Bank Location

Bank Location. Team 3. Bank Location.

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Bank Location

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  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

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