Paper #661
- Title:
- A new chance-constrained maximum capture location problem
- Authors:
- Rosa Colomé, Helena Ramalhinho-Lourenço and Daniel Serra
- Date:
- January 2003
- Abstract:
- The paper presents a new model based on the basic Maximum Capture model, MAXCAP. The New Chance–Constrained Maximum Capture modelintroduces a stochastic threshold constraint, which recognises the fact that a facility can be open only if a minimum level of demand is captured. A metaheuristic based on MAX–MIN ANT system and TABU search procedure is presented to solve the model. This is the first time that the MAX–MIN ANT system is adapted to solve a location problem. Computational experience and an application to 55–node network are also presented.
- Keywords:
- Stochastic location, capture models
- JEL codes:
- C61, J80
- Area of Research:
- Operations Management
- Published in:
- Annals of Operations Research, 122, 1-4, (2003), pp. 121-139
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