Paper #1091

Títol:

Incorporating waiting time in competitive location models: Formulations and heuristics

Autors:

Francisco Silva i Daniel Serra

Data:

Maig 2008

Resum:

In this paper we propose a metaheuristic to solve a new version of the Maximum Capture Problem. In the original MCP, market capture is obtained by lower traveling distances or lower traveling time, in this new version not only the traveling time but also the waiting time will affect the market share. This problem is hard to solve using standard optimization techniques. Metaheuristics are shown to offer accurate results within acceptable computing times.

Paraules clau:

Market capture, queuing, ant colony optimization

Codis JEL:

C61, L80

Àrea de Recerca:

Gestió de la Producció i de les Operacions

Publicat a:

Network and Spatial Economics, 2, 1, 2007

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