Cash inventory management at automated teller machines under incomplete information

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buir.advisorAlp, Osman
dc.contributor.authorAltunoğlu, Yaşar
dc.date.accessioned2016-01-08T18:12:40Z
dc.date.available2016-01-08T18:12:40Z
dc.date.issued2010
dc.departmentDepartment of Industrial Engineeringen_US
dc.descriptionAnkara : The Department of Industrial Engineering and the Institute of Engineering and Sciences of Bilkent University, 2010.en_US
dc.descriptionThesis (Master's) -- Bilkent University, 2010.en_US
dc.descriptionIncludes bibliographical references leaves 42-43.en_US
dc.description.abstractAutomated Teller Machines are one of the most important cash distribution channels for the banks. Since branches have more information about the ATM cash demand compared to headquarters, cash inventory at ATMs is usually managed by the branches. Inventory holding and stock-out costs, however, are incurred by the headquarters. We examine the headquarters’ cash inventory management problem for out of working hours under a Newsboy type setting. In this setting, inventory replenishment is not possible during the period and the headquarters cannot fully observe the amount of stock-outs. The headquarters seeks an inventory policy that would lead the branch to make ordering decisions to minimize the headquarters’ cost. We examine three policies: (M) policy with a lump-sum stock-out cost charged at the end of period, (t, M) policy with a lump-sum stock-out cost charged at time t within the period and (t, L, p) policy with a unit stock-out cost charged at time t within the period for inventory below L. Numerical analysis show that checking the inventory during the period - (t, M) and (t, L, p) policies - can lead to important reductions in cost for the headquarters.en_US
dc.description.degreeM.S.en_US
dc.description.provenanceMade available in DSpace on 2016-01-08T18:12:40Z (GMT). No. of bitstreams: 1 0004020.pdf: 267229 bytes, checksum: a25f1ca3624fd40e9a77506a63e64c16 (MD5)en
dc.description.statementofresponsibilityAltunoğlu, Yaşaren_US
dc.format.extentviii, 43 leavesen_US
dc.identifier.urihttp://hdl.handle.net/11693/15057
dc.language.isoEnglishen_US
dc.publisherBilkent Universityen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectAutomated Teller Machineen_US
dc.subjectLump-sum Costen_US
dc.subjectIncomplete Informationen_US
dc.subjectCash Inventory Managementen_US
dc.subject.lccHG1710.5 .A48 2010en_US
dc.subject.lcshAutomated tellers.en_US
dc.subject.lcshBanks and banking--Automation.en_US
dc.subject.lcshBanks and banking--Service charges.en_US
dc.subject.lcshCash management.en_US
dc.subject.lcshInventory control.en_US
dc.titleCash inventory management at automated teller machines under incomplete informationen_US
dc.typeThesisen_US

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Dept. of Industrial Engineering - Master's degree