DENOMINATION DISTRIBUTION AND REALLOCATION SYSTEMS AND METHODS
In some embodiments, systems and methods are provided that reallocate quantities of denominations. Some embodiments provide retail till check-in denomination allocation systems, comprising: a transaction history database; a reallocation rules database; and a reallocation system control circuit configured to: evaluate a check-in time of a till relative to a duration rule, and identify that a check-out duration of the till is more than a threshold duration and spanning more than a single transaction period; identify check-in quantities for each of multiple different denominations of currency at the check-in time; and access reallocation rules, and define based on the reallocation rules representative reallocation of the check-in quantities for each of the multiple different denominations across each of multiple transaction periods of time such that portions of the check-in quantities for the multiple different denominations are considered to have been available during the respective multiple transaction periods.
1 . A retail till check-in denomination allocation system, comprising:
a transaction history database configured to store information corresponding to sales transactions at each of multiple point-of-sale (POS) systems located at one of the multiple different retail facilities;
a reallocation rules database storing rules applied in reallocating quantities of different denominations; and
a reallocation system control circuit communicatively coupled with the transaction history database and the reallocation rules database, and memory storing code that when implemented by the reallocation system control circuit causes the reallocation control circuit to:
evaluate a check-in time of a first till relative to a duration rule, and identify that a check-out duration of the first till, between a check-out time and the check-in time of the first till, is more than a threshold duration and spanning more than a single transaction period;
identify check-in quantities for each of multiple different denominations of currency at the check-in time; and
access reallocation rules, and define based on the reallocation rules representative reallocation of the check-in quantities for each of the multiple different denominations across each of multiple transaction periods of time such that portions of the check-in quantities for the multiple different denominations are considered to have been available during the respective multiple transaction periods.
2 . The system of claim 1 , wherein the reallocation control circuit in accessing the reallocation rules accesses at least one distribution ratio rule and applies the distribution ratio rule in determining distribution ratios for each of the multiple transaction periods as a function of an estimated number of each denomination received in sales transactions relative to an estimated total number of the corresponding denomination received over the check-out duration.
3 . The system of claim 2 , wherein the reallocation control circuit in defining the reallocation of the check-in quantities determines the portions of the check-in quantities of the multiple different denominations based on the distribution ratios for each of the different denomination over the multiple transaction periods.
4 . The system of claim 1 , wherein the reallocation control circuit is configured to access denomination distribution rules and for each of the multiple transaction periods of the check-out duration and for each of the multiple different denominations apply at least one of the denomination distribution rules and define estimated receive times of each item of the check-in quantities of the multiple different denominations distributed over the corresponding one of the multiple transaction periods.
5 . The system of claim 4 , wherein the reallocation control circuit is configured to define a separate denomination histogram for each of the multiple different denominations that is representative of a percentage spread over time of when the items of the check-in quantities of the respective one of the multiple different denominations are received at the first till, and apply as at least part of one of the denomination distribution rules the denomination histograms in defining the estimated receive times.
6 . The system of claim 4 , wherein the reallocation control circuit, for each of the multiple transaction periods, is configured to evaluate the sales transactions associated with the first till and for each of the sales transactions define quantities of each of the denominations received at the first till as a function of a total sales transaction price.
7 . The system of claim 4 , wherein the reallocation control circuit is configured to:
access and apply one or more distribution ratio rules to determine distribution ratios for each of the multiple transaction periods as a function of an estimated number of each denomination received in sales transactions relative to an estimated total number of the corresponding denomination received over the check-out duration; and
in defining the reallocation of the check-in quantities determines the portions of the check-in quantities of the multiple different denominations based on the distribution ratios for each of the multiple transaction periods.
8 . The system of claim 1 , wherein the reallocation control circuit is configured to merge the representative reallocation check-in quantities of the multiple denominations over the multiple transaction periods of time with datasets of unmodified received quantities of denominations from other tills checked-in during the multiple transaction periods.
9 . A method of allocating denominations based on a till check-in, comprising:
by a reallocation system control circuit:
evaluating a check-in time of a first till relative to a duration rule, and identifying that a check-out duration of the first till, between a check-out time and the check-in time of the first till, is more than a threshold duration and spanning more than a single transaction period;
identifying check-in quantities for each of multiple different denominations of currency at the check-in time; and
accessing reallocation rules, and defining based on the reallocation rules representative reallocation check-in quantities for each of the multiple different denominations across each of multiple transaction periods of time such that portions of the check-in quantities for the multiple different denominations are considered to have been available during the respective multiple transaction periods.
10 . The method of claim 9 , wherein the accessing the reallocation rules comprises accessing a distribution ratio rule and applying the distribution ratio rule in determining distribution ratios for each of the multiple transaction periods as a function of an estimated number of each denomination received in sales transactions relative to an estimated total number of the corresponding denomination received over the check-out duration.
11 . The method of claim 10 , wherein the defining the reallocation of the check-in quantities comprises determining the portions of the check-in quantities of the multiple different denominations based on the distribution ratios for each of the different denomination over the multiple transaction periods.
12 . The method of claim 9 , further comprising:
accessing denomination distribution rules; and
applying, for each of the multiple transaction periods of the check-out duration and for each of the multiple different denominations, at least one of the denomination distribution rules and defining estimated receive times of each item of the check-in quantities of the multiple different denominations distributed over the corresponding one of the multiple transaction periods.
13 . The method of claim 12 , further comprising:
accessing a separate denomination histogram for each of the multiple different denominations that is representative of a percentage spread over time of when the items of the check-in quantities of the respective one of the multiple different denominations are received at the first till; and
applying as at least part of one of the denomination distribution rules the denomination histograms in defining the estimated receive times.
14 . The method of claim 12 , further comprising:
evaluating, for each of the multiple transaction periods, the sales transactions associated with the first till; and
defining, for each of the sales transactions, quantities of each of the denominations received at the first till as a function of a total sales transaction price.
15 . The method of claim 12 , further comprising:
accessing and applying one or more distribution ratio rules to determine distribution ratios for each of the multiple transaction periods as a function of an estimated number of each denomination received in sales transactions relative to an estimated total number of the corresponding denomination received over the check-out duration; and
the defining the reallocation of the check-in quantities comprises determining the portions of the check-in quantities of the multiple different denominations based on the distribution ratios for each of the multiple transaction periods.
16 . The method of claim 9 , further comprising:
merging the representative reallocation check-in quantities of the multiple denominations over the multiple transaction periods of time with datasets of unmodified received quantities of denominations from other tills checked-in during the multiple transaction periods.