Determination of Optimal Cash Level Reserved in Automated Teller Machines (ATMs) : A Case Study of a Commercial Bank in Thailand

Akkaranee Phukdeewongand and Kannapha Amaruchkul Thai Journal of Operations Research. Vol 1, No 1 (2013) Abstract In this case study, we determine the cash levels in automated teller machines (ATMs) operated by one of the major commercial banks in Thailand. Our problem was formulated as a newsvendor model, in which the objective was to maintain a […]

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