Paper #1091

Título:

Incorporating waiting time in competitive location models: Formulations and heuristics

Autores:

Francisco Silva y Daniel Serra

Fecha:

Mayo 2008

Resumen:

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.

Palabras clave:

Market capture, queuing, ant colony optimization

Códigos JEL:

C61, L80

Área de investigación:

Gestión de la Producción y de las Operaciones

Publicado en:

Network and Spatial Economics, 2, 1, 2007

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