Paper Title :A Heuristic Solution to ATM Location Optimization
Author :Ekrem Duman, Gizem Sabuncu, Ayhan Inal, Onur Açikgoz, Ceyhan Ficici
Article Citation :Ekrem Duman ,Gizem Sabuncu ,Ayhan Inal ,Onur Açikgoz ,Ceyhan Ficici ,
(2017 ) " A Heuristic Solution to ATM Location Optimization " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 129-131,
Volume-3,Issue-3
Abstract : In this study, bank ATM/branch location problem is undertaken to maximize the total profit of the full network of
existing and to be added facilities. In general, ATM/branch location decisions are made intuitively according to expert
opinion and historic data. Here, we develop a mathematical model with the objective of maximizing the overall performance
of the ATM network of a bank. In our modeling, we take into account the fact that nearby ATMs can affect each other’s
performance negatively, and we establish a three phase solution framework that helps the planners to determine the best
locations for a number of ATMs to be added to the existing network.
Keywords- Facility Location Problem, Competitive Facilities, Decomposition, Heuristics
Type : Research paper
Published : Volume-3,Issue-3
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-7503
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Copyright: © Institute of Research and Journals
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Published on 2017-06-08 |
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