Location of banking automatic teller machines based on convolution

In this paper, the problem of determining the optimum number and locations of banking automatic teller machines (ATMs) is considered. The objective is to minimize the total number of ATMs to cover all customer demands within a given geographical area. First, a mathematical model of this optimization problem is formulated. A novel heuristic algorithm with unique features is then developed to efficiently solve this problem. Finally, simulation results show the effectiveness of this algorithm in solving the ATM placement problem. Index Terms Facility location, Mathematical models, Optimization algorithms, ATM site selection. Corresponding Author: Mansour A. Aldajani Systems Engineering Department King Fahd University of Petroleum and Minerals Dhahran 31261 Saudi Arabia Email: [email protected] Fax: +966-3-8603315 Phone: +966-3-8602215 This work is supported by King Fahd University of Petroleum and Minerals.