Publish In |
International Journal of Management and Applied Science (IJMAS)-IJMAS |
Journal Home Volume Issue |
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Issue |
Volume-3,Issue-3 ( Mar, 2017 ) | |||||||||
Paper Title |
A Heuristic Solution to ATM Location Optimization | |||||||||
Author Name |
Ekrem Duman, Gizem Sabuncu, Ayhan Inal, Onur Açikgoz, Ceyhan Ficici | |||||||||
Affilition |
Ozyegin Univ., Fac. of Eng., Industrial Eng. Dep., Cekmekoy, Istanbul, Turkey Bitek Analytics, R&D Department, Cekmekoy, Istanbul, Turkey | |||||||||
Pages |
129-131 | |||||||||
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 | |||||||||
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