A Dual-Based Procedure for Stochastic Facility Location

François V. Louveaux and Dominique Peeters
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François V. Louveaux: Facultés Universitaires Notre Dame de la Paix, Namur, Belgium

Operations Research, 1992, vol. 40, issue 3, 564-573

Abstract: In this paper, we study how the uncapacitated facility location problem is transformed into a two-stage stochastic program with recourse when uncertainty on demand, selling prices, production and transportation costs are introduced. We then present a dual-based procedure and indicate how the dual-descent and primal-dual adjustment procedures proposed by D. Erlenkotter (1978) in the static case can be made monotonically improving in the stochastic case. Results of computer experiments are reported.

Keywords: facilities/equipment planning; location; stochastic: a dual-based algorithm (search for similar items in EconPapers)
Date: 1992
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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:40:y:1992:i:3:p:564-573

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