Investigation of practical, robust and flexible decisions for facility location problems using tabu search and simulation

Investigation of practical, robust and flexible decisions for facility location problems using tabu search and simulation

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Article ID: iaor2009866
Country: United Kingdom
Volume: 59
Issue: 5
Start Page Number: 624
End Page Number: 636
Publication Date: May 2008
Journal: Journal of the Operational Research Society
Authors:
Keywords: heuristics: tabu search, simulation: applications
Abstract:

We investigate how robust and flexible solutions of stochastic capacitated facility location problems (CFLPs) can be obtained by combining metaheuristic optimization with Monte Carlo sampling techniques. To this end, we develop a tabu search procedure for the CFLP, and use this to solve an extensive set of stochastic versions of this problem.

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