The maximum capture problem including relocation

The maximum capture problem including relocation

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Article ID: iaor19911485
Country: Canada
Volume: 29
Issue: 2
Start Page Number: 130
End Page Number: 138
Publication Date: May 1991
Journal: INFOR
Authors: ,
Keywords: economics, programming: integer, retailing
Abstract:

In an earlier work on facility siting in a competitive environment it was shown how to site p new facilities in such a way as to maximize market population captured from competitors. In this work a more complicated but more realistic problem is formulated-how to site a limited number of new facilities and relocate a specified number of old facilities-to maximize the market share captured. Relocation is an important component of competitive facility siting because the entrance of competitors after the initial siting of outlets causes a change in the marketing landscape. Computational experience with this zero-one linear programming problem is provided in the context of the classic economic market strategies suggested by Cournot and Stackelberg.

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