ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN
In recent years, Automated Teller Machines (ATMs) have become one of the most profitable areas of the banking system but at the same time they also represent an area of much debate regarding the future of the financial-banking industry. Placing ATMs in the right locations has become one of the main...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Oradea Publishing House
2023-09-01
|
| Series: | Oradea Journal of Business and Economics |
| Subjects: | |
| Online Access: | http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2023/09/OJBE-82_103-113.pdf |
| _version_ | 1797665824982433792 |
|---|---|
| author | Suleyman NOKEROV Govshut AKMYRADOV Daniel BADULESCU |
| author_facet | Suleyman NOKEROV Govshut AKMYRADOV Daniel BADULESCU |
| author_sort | Suleyman NOKEROV |
| collection | DOAJ |
| description | In recent years, Automated Teller Machines (ATMs) have become one of the most profitable areas of the banking system but at the same time they also represent an area of much debate regarding the future of the financial-banking industry. Placing ATMs in the right locations has become one of the main problems in present day society. For this reason, banks have started to study this issue from a scientific point of view, in order to validate and assess other criteria considered when making decisions regarding specific localization, criteria such as target market characteristics, visibility, security, competition, social considerations, a rigorous analysis must be conducted. Researchers have developed and proposed several models and theoretical approaches to solve this problem. In this article, a method of solving the problem of placing ATMs in effective locations is proposed and calculations are made on the basis of a regulatory analysis of ATMs operating in a specific country, namely Turkmenistan. The monthly income of an ATM in an optimal location is about 2.96 times higher than the monthly income of an ATM in a non-optimal location. The results of our research show that the loss of an ATM placed in a non-optimal location is approximately 66% of its total income for a certain period of time. |
| first_indexed | 2024-03-11T19:49:39Z |
| format | Article |
| id | doaj.art-af9eccec9c374b7dae1f520624f5279d |
| institution | Directory Open Access Journal |
| issn | 2501-3599 |
| language | English |
| last_indexed | 2024-03-11T19:49:39Z |
| publishDate | 2023-09-01 |
| publisher | University of Oradea Publishing House |
| record_format | Article |
| series | Oradea Journal of Business and Economics |
| spelling | doaj.art-af9eccec9c374b7dae1f520624f5279d2023-10-05T12:23:27ZengUniversity of Oradea Publishing HouseOradea Journal of Business and Economics2501-35992023-09-018210311310.47535/1991ojbe177ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTANSuleyman NOKEROV0Govshut AKMYRADOV1Daniel BADULESCU2Faculty of Cyberphysical Systems, Department of Physics of High Technologies, Oguz Han Engineering and Technology University of Turkmenistan, Ashgabat, TurkmenistanFaculty of Cyberphysical Systems, Department of Cyberphysical Systems, Oguz Han Engineering and Technology University of Turkmenistan, Ashgabat, TurkmenistanFaculty of Economic Sciences, Department of Economics and Business, University of Oradea, Oradea, RomaniaIn recent years, Automated Teller Machines (ATMs) have become one of the most profitable areas of the banking system but at the same time they also represent an area of much debate regarding the future of the financial-banking industry. Placing ATMs in the right locations has become one of the main problems in present day society. For this reason, banks have started to study this issue from a scientific point of view, in order to validate and assess other criteria considered when making decisions regarding specific localization, criteria such as target market characteristics, visibility, security, competition, social considerations, a rigorous analysis must be conducted. Researchers have developed and proposed several models and theoretical approaches to solve this problem. In this article, a method of solving the problem of placing ATMs in effective locations is proposed and calculations are made on the basis of a regulatory analysis of ATMs operating in a specific country, namely Turkmenistan. The monthly income of an ATM in an optimal location is about 2.96 times higher than the monthly income of an ATM in a non-optimal location. The results of our research show that the loss of an ATM placed in a non-optimal location is approximately 66% of its total income for a certain period of time.http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2023/09/OJBE-82_103-113.pdfautomated teller machinebank incomeoptimal locationturkmenistan |
| spellingShingle | Suleyman NOKEROV Govshut AKMYRADOV Daniel BADULESCU ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN Oradea Journal of Business and Economics automated teller machine bank income optimal location turkmenistan |
| title | ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN |
| title_full | ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN |
| title_fullStr | ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN |
| title_full_unstemmed | ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN |
| title_short | ANALYSIS OF THE OPTIMAL LOCATION OF BANK AUTOMATED TELLER MACHINES (ATMS) IN TURKMENISTAN |
| title_sort | analysis of the optimal location of bank automated teller machines atms in turkmenistan |
| topic | automated teller machine bank income optimal location turkmenistan |
| url | http://ojbe.steconomiceuoradea.ro/wp-content/uploads/2023/09/OJBE-82_103-113.pdf |
| work_keys_str_mv | AT suleymannokerov analysisoftheoptimallocationofbankautomatedtellermachinesatmsinturkmenistan AT govshutakmyradov analysisoftheoptimallocationofbankautomatedtellermachinesatmsinturkmenistan AT danielbadulescu analysisoftheoptimallocationofbankautomatedtellermachinesatmsinturkmenistan |