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An Opportunity For Optimal Choice Of The Location For Industrial Object Construction

Author

Listed:
  • Rosen Nikolaev
  • Tanka Milkova

Abstract

The problem of optimal location of new buildings (administrative, commercial, warehouses, logistics centers, etc.) is crucial in terms of providing the future users with easy access to them. Some methods for determining the optimal location are well-known in the literature but they are mostly based on the distance from the corresponding building to the user who intend to visit it. This paper reveals an opportunity to choose a location for the construction of a new building, which is realized with the help of models from game theory. The characteristic feature of this model is that the determination of the optimal location depends on the interest of the consumers as users (clients) of the object of preferred location.

Suggested Citation

  • Rosen Nikolaev & Tanka Milkova, 2021. "An Opportunity For Optimal Choice Of The Location For Industrial Object Construction," INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", University of Economics - Varna, issue 1, pages 64-69.
    • Handle: RePEc:vrn:emccon:y:2021:i:1:p:64-69
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    File URL: https://conference.ue-varna.bg/emc/wp-content/uploads/2021/12/Sbornik_dokladi_2021.pdf
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    More about this item

    Keywords

    Optimal Location; Game Theory;

    JEL classification:

    • C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games

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