2005: DSS to Manage ATM Cash Under Periodic Review with Emergency Orders
نویسندگان
چکیده
The cash management of an automated teller machine (ATM) often combines a periodic review inventory policy with emergency orders, the latter according to a continuous review inventory policy. We present a simulation-based decision support system (DSS) that considers both regular (periodic) and emergency (continuous review) orders. This DSS was developed to assist an ATM’s manager in the selection of the appropriate (regular) order and period sizes as well as the (emergency) reorder point under a given service level. The DSS was developed using the software Arena and integrates a Visual Basic for Applications (VBA) front-end that allows the user to incorporate fixed and variable ordering costs as well as demand and arrival rates updates.
منابع مشابه
Routing optimization for ATM cash replenishment
The cash deployment strategy for a network of ATMs should take into account the analysis of inventory policies, logistics costs as well as the routing of replenishment vehicles. The optimal strategy has to focus on the reduction of cash-related expenses while safeguarding that ATMs do not run out of cash. Shorter routes with high time window constraints violations are not always the best soluti...
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