The MIIS Eprints Archive

Optimization of ATM filling-in with cash

Broda, P. and Levajković, T. and Kresoja, M. and Marčeta, M. and Mena, H. and Nikolić, M. and Stojančević, T. (2014) Optimization of ATM filling-in with cash. [Study Group Report]



This report presents an approach for modeling daily cash demand for all ATMs in the Credit Agricole Bank network in Serbia. The approach is based on time series and regression methods for forecasting an optimal amount of money that should be placed daily in the ATMs in order to meet customers’ demands and mimimize costs of the bank. Three different types of costs were considered: cash freezing costs, transportation costs and insurance costs. The performance of the resulting forecasts were compared with results of the application that bank uses for prediciton of the time and the amount of filling-in for each ATM based on historical data.

Item Type:Study Group Report
Problem Sectors:Discrete
Study Groups:European Study Group with Industry > ESGI 99 (Novi Sad, Serbia, Feb 3-7, 2014)
Company Name:Credit Agricole Bank
ID Code:636
Deposited By: Matthew Hennessy
Deposited On:05 Mar 2014 00:28
Last Modified:29 May 2015 20:15

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