Assignment 3

Instructions: 1. Read the assignment thoroughly and understand it before you start proposing a solution and making the report. 2. In case of any specific doubts in your solution, you can mail the TAs or for general queries post it on moodle as per your convenience 3. Discussion is encouraged with the instructor and the TAs but not among you all as it can very well lead to similar thought process and a final imitated solution which is hardly of any use as this assignment’s aim is to apply concepts learnt in this course in a real situation with full freedom 4. Please refer to the pointers marked at specific points within the problem statement and listed at the end Problem Statement: There are five ATMs of State Bank of India (SBI) in Raipur. ATM 1, 2 are in the city centers (assumed to be very busy all day long). ATM 3 and 4 are in well-populated residential areas ATM 5 is in a sparsely inhabited area of the city. The regional Head keeps a vigil over these ATMs by filling each ATM with cash at regular time intervals, depending on the day of week, so that people are given good service. Parameters that need to be analyzed while making cash available throughout the day are – 1. Arrivals of Customers (AC) at each ATM for each hour (or for a couple of hours together, say instead of having 24 one-hour intervals, you can have 8 three-hour intervals or so) 2. Cash Withdrawals (CW) at each ATM for each hour Some other given parameters are: 1. Fixed cost incurred for every fill-up 2. Fixed upper and lower bound of amount that an ATM can and should contain 3. Fixed upper bound of amount that a customer can withdraw in a day in one or more transaction(s) 4. Fixed time needed to fill an ATM which adds to the waiting time of customers in queue If you need to introduce more variables and make any assumptions, you can do so, provided you justify/explain. We need to balance tradeoff between customer satisfaction and cost incurred during regular ATM fill-ups.

Tasks: T1: Come up with probability distribution(s) for the parameter AC for every ATMp1. It can be a mixture of distributions for different intervals of day as well, depending on how better you want your predictions to bep2. Also justify all your assumption(s). T2: Generate the data for the distribution assumed in T1 for every hour or any other interval that you assumed in T1 using Scilab. Plot graph for the same. Make any assumptions you want – say the number of customers arriving in any interval (and so the upper bound for the mean value of probability distribution) will not exceed 20p3. T3: A simpler task could be to assume a defined probability distribution for the parameter CW. But here we want it to be randomly distributed for atleast 3 ATMS, for the rest 2, you can assume it to be following a fixed probability distribution. Generate the data for the random cash withdrawals (every hour or any other interval that you assumed in T1) for the three ATMs and also for the distribution assumed for the other two ATMs using Scilab. Plot graph for the same. You should follow the constraints like the upper bound of cash withdrawal in a transaction. Assuming some fixed values for the fixed parameters stated before in mind as well, find the appropriate time(s) at which every ATM should be filled in a day. You should do this in a 5 page report including the tasks done (Remember!, for every ATM) with proper justifications – the data and graphs included. Also submit the relevant code, if any, with your report. (Only to make it more complicated you find it for weekdays and weekends separately, with different distributions and calculations involved – for now you don’t need to do so) Any extra effort made will be duly considered in grading of the assignment, although your aim should be to come up with a very basic self-thought solution to the given problem and then try to make it more complicated considering different scenarios. Pointers: p1: You can assume distribution that fit the population density of area which should directly affect the arrival of customers in that respective area’s ATM. p2: The distributions peak/mean values should lay at well-justified intervals, say 12 p.m. during the lunch hour etc. p3: This also puts an upper bound on the cash withdrawn in that interval Submission deadline: Submit a report with any relevant code in tar.gz file appropriately named as your_roll_no_asgn3.tar.gz (for e.g. 120050022_asgn3.tar.gz) by Tuesday, 16th April 2013, 11:59 p.m.

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