The profit-maximizing Weber problem

The profit-maximizing Weber problem

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Article ID: iaor1996751
Country: United Kingdom
Volume: 3
Issue: 2
Start Page Number: 67
End Page Number: 85
Publication Date: Aug 1995
Journal: Location Science
Authors: , ,
Keywords: Weber problem
Abstract:

This paper considers the location of a profit-maximizing, single-plant firm in a continuous space with a finite number of local markets. Five different spatial price policies are considered: (i) spatial discriminatory pricing, (ii) uniform delivered pricing, (iii) uniform mill pricing, (iv) zone pricing, and (v) mixed pricing where clients have the chocie between pick-up or delivery. Global optimization methods are proposed for solving the corresponding problems and numerical experiments are reported on.

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