Solving the multiple competitive facilities location problem

In this paper we propose five heuristic procedures for the solution of the multiple competitive facilities location problem. A franchise of several facilities is to be located in a trade area where competing facilities already exist. The objective is to maximize the market share captured by the franchise as a whole. We perform extensive computational tests and conclude that a two-step heuristic procedure combining simulated annealing and an ascent algorithm provides the best solutions. Key words: Competitive facility location; Multiple facilities; Heuristic algorithms.

• Type: Journal
• Year: 2002
• Where: EOR
• Authors: Tammy Drezner, Zvi Drezner, Said Salhi
• Keywords: EOR 2002, Heuristic Procedure, Multiple Competitive Facilities, Two-step Heuristic Procedure