ATM Cash Flow Prediction and Replenishment Optimization with ANN

Authors : Sefik Ilkin Serengil, Alper Ozpinar

Pages : 402-408

Doi:10.29137/umagd.484670

View : 16 | Download : 8

Publication Date : 2019-01-31

Article Type : Research

Abstract :ATMs are physical interaction points between financial institutions and real customers. Storing physical cash causes renouncing to get interested. On the other hand, customer satisfaction requires to store the necessary cash amount. This concern becomes even more critical for countries having high-interest rate and overnight interest rates are higher. In this paper, we will show that daily cash withdrawals are predictable and we will propose a cost function for replenishment optimization. Experiments show that proposed model decrease idle balance dramatically.
Keywords : ATM Replenishment, Cash Optimization