Invention Grant
- Patent Title: Systems and methods of controlling quantities of denominations of currency at a retail shopping facility
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Application No.: US15474032Application Date: 2017-03-30
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Publication No.: US10402764B2Publication Date: 2019-09-03
- Inventor: Betsy Goosman Nail , Christopher M. Johnson , Ehsan Nazarian
- Applicant: Walmart Apollo, LLC
- Applicant Address: US AR Bentonville
- Assignee: Walmart Apollo, LLC
- Current Assignee: Walmart Apollo, LLC
- Current Assignee Address: US AR Bentonville
- Agency: Fitch, Even, Tabin & Flannery LLP
- Main IPC: G06Q10/06
- IPC: G06Q10/06 ; G06Q30/06 ; G06N20/00

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.
Public/Granted literature
- US20170286883A1 SYSTEMS AND METHODS OF CONTROLLING QUANTITIES OF DENOMINATIONS OF CURRENCY AT A RETAIL SHOPPING FACILITY Public/Granted day:2017-10-05
Information query