Please use this identifier to cite or link to this item:
http://hdl.handle.net/2072/8916
|
| Title: | Incorporating waiting time in competitive location models: formulations and heuristics |
| Authors: | Silva, Francisco
Serra de la Figuera, Daniel |
| Other authors: | Universitat Pompeu Fabra. Departament d'Economia i Empresa |
| Subjects: | Market capture, queuing, ant colony optimization |
| Creation Date: | May-2008 |
| Series/Report no.: | Economics and Business Working Papers Series; 1091 |
| Abstract: | 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. |
| Appears in Collections: | Economics and Business Working Papers Series
|
|
