Abstract: Automated Teller Machines (ATMs) can be
considered among one of the most important service facilities in the
banking industry. The investment in ATMs and the impact on the
banking industry is growing steadily in every part of the world. The
banks take into consideration many factors like safety, convenience,
visibility, and cost in order to determine the optimum locations of
ATMs. Today, ATMs are not only available in bank branches but
also at retail locations. Another important factor is the cash
management in ATMs. A cash demand model for every ATM is
needed in order to have an efficient cash management system. This
forecasting model is based on historical cash demand data which is
highly related to the ATMs location. So, the location and the cash
management problem should be considered together. This paper
provides a general review on studies, efforts and development in
ATMs location and cash management problem.