DOIONLINE

DOIONLINE NO - IJMAS-IRAJ-DOIONLNE-7503

Publish In
International Journal of Management and Applied Science (IJMAS)-IJMAS
Journal Home
Volume Issue
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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