• DocumentCode
    2905714
  • Title

    Dynamic Optimization of Commercial Bank Major Channels

  • Author

    Zhang, Qun ; Dong, Zhonghui ; Zhu, Zhian

  • Author_Institution
    Xi´´an Technol. Univ., Xi´´an, China
  • fYear
    2011
  • fDate
    17-18 Oct. 2011
  • Firstpage
    627
  • Lastpage
    630
  • Abstract
    In this paper, we made a dynamic optimization for the number of major channels´ counters in commercial bank outlets. Our study depends on queuing theory and use observation data of three bank outlets. To do this, the authors analyzed observation data then found that open reasonable numbers of window in terms of time interval could effectively cut down costs and customer´s waiting time.
  • Keywords
    banking; dynamic programming; queueing theory; bank outlet; commercial bank major channel; cost cutting; customer waiting time; dynamic optimization; major channel counter; queuing theory; time interval; Business; Exponential distribution; Mathematical model; Maximum likelihood estimation; Optimization; Queueing analysis; Radiation detectors; Commercial Bank; M/M/c; dynamic optimization;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Business Intelligence and Financial Engineering (BIFE), 2011 Fourth International Conference on
  • Conference_Location
    Wuhan
  • Print_ISBN
    978-1-4577-1541-9
  • Type

    conf

  • DOI
    10.1109/BIFE.2011.52
  • Filename
    6121219