Transtrack is looking to improve its current algorithm that is used for the optimization of cash machines like ATM's, retail deposit terminals and coin deposit machines. The current algorithm is described in the appendix. The algorithm uses several factors to determine the optimized order. The algorithm looks in detail at the characteristics of the cash point and the cash inside, but the logistical capabilities and constraints are limited.
The forecasting functionality makes use of historical data of cash issuing and depositing for any type of cash point such as an ATM, cash deposit terminals, a bank branch, a retail deposit safe and a night-deposit safe. A trend is determined in terms of a weekday pattern, a month pattern and a seasonal pattern. The optimization functionality takes the decision on the date and amount of the best order.
For this decision making process the following settings are being used:
Costs: interest, service (cash centre and CIT);
Accessibility: Closing periods, opening times;
Process specifics: Order lead time, Grouping of cash points;