Volume 4, Issue 16 (Fall 2016)                   IUESA 2016, 4(16): 1-18 | Back to browse issues page

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Taghavifard M T, Khatami Firoozabadi S M A, Sajjadi S K. Increasing Citizens’ Satisfaction from Bank Shahr ATMs and Reducing Bank’s Economic Costs by Applying Simulation Model of Inventory Control. IUESA 2016; 4 (16) :1-18
URL: http://iueam.ir/article-1-542-en.html
1- Faculty of Management and Accounting, Allameh Tabataba'i University, Tehran, Iran
2- Faculty of Management and Accounting, Allameh Tabataba'i University, Tehran, Iran , smakhf@hotmail.com
Abstract:   (7481 Views)

One of the most important indicators of citizens’ satisfaction in metropolises is to provide efficiently banking tools in city.  Keeping cash in ATMs is very important for banks. In this paper, increasing citizens’ satisfaction from Bank Shahr ATMs has been investigated by using questionnaire among 200 citizens who used them before and after implementing inventory control policy of ATMs’ cash. This paper investigates the relationship between citizens’ satisfaction evaluation and active ATMs by presenting a model of minimizing total costs of missed opportunity for ATMs. In order to simulate consumer behavior of ATMs, Arena software was used. The results indicated that this model can present reorder point, money order, and combination of notes for each ATM. One of the most important findings is identification of effective factors on citizens’ satisfaction from ATMs and a model to optimize missed client’s costs and surplus money in them. By the help of this model, satisfaction has been increased. The results represented that citizens’ satisfaction from services has been reached to 80 percent from 25 percent. Finally, daily total cost of each ATM has been reduced from 1859000 Rials for each ATM to 1147000 Rials.

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Type of Study: Research | Subject: Special
Received: 2016/06/8 | Accepted: 2016/08/17 | Published: 2016/12/20 | ePublished: 2016/12/20

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