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Optimization of Cash Management at ATMs Using Fuzzy AHP Weighted Arithmetic Optimization Algorithm
Ali Tunç and Sakir Taşdemir
Cash management is a set of procedures designed to keep the quantity of money required in branches and ATMs at an optimal level. Cash Management Optimization for ATM studies tries to retain the most suitable quantity of cash in ATMs based on the types and models of ATMs. ATM cash management is seen as an optimization issue in this study, and the values of the decision variables are computed to reduce cash amounts and operational expenses. The study’s primary goal is to estimate the most suitable quantity of proper banknotes to be found at ATMs on any given day and to offer recommendations to system owners on how to better manage the amount of cash available at ATMs. In the literature, metaheuristic multi-objective optimization algorithms are frequently used. In this investigation, one of these algorithms was used to try to get the best possible outcome. First and foremost, a thorough investigation was conducted to discover the decision factors and key features of ATM data. It was determined to create results using the optimization method for the stated data criteria, which is a novel technique in the literature. One of the newly proposed metaheuristic algorithms, the Arithmetic Optimization Algorithm (AOA), was chosen as the optimization algorithm to find the solution. The fuzzy analytical hierarchy process (Fuzzy AHP) algorithm was utilized to determine the weighting coefficients of the variables given as AOA algorithm input parameters. The Fuzzy AHP algorithm was used to weigh the influence of the features on the output. The proposed study aims to achieve an optimal value using the obtained weight information in the AOA method as input. The most acceptable quantity of monetary worth is provided based on the answer discovered as a consequence of this investigation. It is hoped that this strategy will result in a successful outcome. The outcomes were compared to the real values, and the success rates were attempted to be disclosed.
Keywords: AHP, ATM, AOA, arithmetic optimization algorithm, cash management, optimization