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: | Srensen K. |
Keywords: | heuristics: tabu search, simulation: applications |
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.