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| Author: | Guntzer, M. |
| Title: | Efficient algorithms for the clearing of interbank payments |
| Journal: | European Journal of Operational Research
1998 : APR 1, VOL. 106:1, p. 212-219 |
| Index terms: | OPERATIONAL RESEARCH BANKS PAYMENT SYSTEMS |
| Language: | eng |
| Abstract: | The clearing of interbank payments is a process which usually involves an immense amount of money and a large number of participants. It can be modeled as a discrete optimization problem, the Bank Clearing Problem, where the clearing volume is the objective function and the deposits of the participants are the limiting resources. In this paper, the authors discuss the BCP as it occurs in Germany's largest interbank payment system. They present several simple but surprisingly efficient heuristic algorithms that are analyzed by a simulation approach. |
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