Application of queuing theory in banking services

Bearing in mind the intense competition in the current economy and the increasing necessity of having more customers and keeping them loyal, this paper aims to apply the well known Queuing Theory in a bank agency to identify improvement opportunities in customer waiting time, from the assumption tha...

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Bibliographic Details
Main Authors: Vitor Costa de Lima, Rosley Anholon, Izabela Simon Rampasso, Osvaldo Luiz Gonçalves Quelhas
Format: Article
Language:English
Published: Universidade Federal de Santa Catarina 2016-03-01
Series:Revista Produção Online
Subjects:
Online Access:http://producaoonline.org.br/rpo/article/view/2086
Description
Summary:Bearing in mind the intense competition in the current economy and the increasing necessity of having more customers and keeping them loyal, this paper aims to apply the well known Queuing Theory in a bank agency to identify improvement opportunities in customer waiting time, from the assumption that the analyzed lines follow the Poisson’s distribution. This assumption results from the comparison between such distribution to the customers' arrival data in all analyzed lines. It was also found that there are queues with seasonality in demand, while others showed a regular demand. From the study performed, improvements in the management of this bank agency may be made, for example, the reallocation of staff in certain periods for functions with higher demand. It was concluded, therefore, that the application of the theory is feasible and can help to increase the competitive advantages of the agency.
ISSN:1676-1901