Summary: LOCATION OF BANKING AUTOMATIC TELLER MACHINES
BASED ON CONVOLUTION
Mansour A. Aldajani and Hesham K. Alfares
In this paper, the problem of determining the optimum number and locations of banking automatic
teller machines (ATMs) is considered. The objective is to minimize the total number of ATMs to
cover all customer demands within a given geographical area. First, a mathematical model of
this optimization problem is formulated. A novel heuristic algorithm with unique features is then
developed to efficiently solve this problem. Finally, simulation results show the effectiveness of this
algorithm in solving the ATM placement problem.
Index Terms - Facility location, Mathematical models, Optimization algorithms,
ATM site selection.
Corresponding Author: Mansour A. Aldajani
Systems Engineering Department
King Fahd University of Petroleum and Minerals