An Evolutionary Model for Spatial Location of Economic Facilities
AbstractLocating an economic facility, warehouse, plant, retail store, etc., is one of the most important questions that a business company faces. In this paper we consider a normative model for a certain class of relocation processes. That is, when one location structure is gradually substituted by another one. This happens in response to external factors such as appearance of competitors or change of demand. Thus, we are facing with sequential decisions and the model and algorithm corresponding to them become endogenously dynamic. An evolutionary model for location of economic facilities is presented. Its application to an empirical case, namely changing locations of alcohol distribution stores, is briefly presented.
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Bibliographic InfoPaper provided by International Institute for Applied Systems Analysis in its series Working Papers with number ir97003.
Date of creation: Feb 1997
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