Systems and methods of controlling quantities of denominations of currency at a retail shopping facility
US10402764B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Mar 30, 2017 |
| Grant date | Sep 3, 2019 |
| Priority date | — |
| Expiry date | Nov 8, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q30/0601
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
In some embodiments, systems and methods are provided to forecast denomination needs at one or more retail shopping facilities. The system comprises a control circuit configured to determine a predicted optimized quantity of each of multiple different denominations of currency to be available for use at a retail shopping facility over a future period of time as a function of historic needs; select for each of the multiple denominations one of multiple different models; forecast a quantity of each of the multiple denominations to be present at the termination of the first future period of time by applying the selected one of the models; and determine, for each of the multiple denominations, whether the forecasted quantity of the denomination is greater than a threshold quantity of that denomination of the currency.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.