Menu Optimization for Multi-Profile Customer Systems on Large Scale Data

Abstract

Everyday, a majority of the people, most probably several times, use the banking applications through online applications or physical ATM (Automated Teller Machine) devices for managing their financial transactions. However, most financial institutions provide static user interfaces regardless of the needs for different customers. Saving even a few seconds for each transaction through more personalized interface design might not only result in higher efficiency, but also result in customer satisfaction and increased market share among the competitors. In ATM Graphical User Interface (GUI) design, transaction completion time is, arguably, one of the most important metrics to quantify customer satisfaction. Optimizing GUI menu structures has been pursued and many heuristic techniques for this purpose are present. However, menu optimization by employing an exact mathematical optimization framework has never been performed in the literature. We cast the ATM menu optimization problem as a Mixed Integer Programming (MIP) framework. All the parameters of the MIP framework are derived from a comprehensive actual ATM menu usage database. We also proposed two heuristic approaches to reduce the computational complexity. Our solution can be accustomed with ergonomic factors and can easily be tailored for optimization of various menu design problems. Performance evaluations of our solutions by using actual ATM data reveal the superior performance of our optimization solution.

Fuzzy-Trace Theory and Risky Decisions in The Setting of The Digital Economy

“…Creating a "trust building model" for the sake of customer trust through a structured security policy (assurance structure) will overcome doubts or conditions of uncertainty over the reputation of vendors as well as the quality of online shopping sites (Gillison et al, 2021, Karani & Mary, 2022. Consumer-specific in online shopping, namely transaction security, information privacy, vendor legitimacy, product/service quality, documentation adequacy, fair prices, and availability of customer service have been discussed in several studies (Goswami et al, 2019;Guo et al, 2021;Karimov et al, 2021). Online vendors must address this issue to increase their current market share with the explosive growth of today's digital economy.…”