Sound branch cash management for less: A low-cost forecasting algorithm under uncertain demand

We find that our algorithm by and large performs well when forecasting the cash amounts that the branch might require from the central hub to satisfy all branch necessities, avoiding the generation of either surplus or shortage of cash. It is also extremely easy to implement in daily branching practice, leading to an overall reduction in operating costs. In addition, our algorithm may be easily adjusted as required and be tailor-made to the special requirements of each banking institution.