AN OPPORTUNITY FOR OPTIMAL CHOICE OF THE LOCATION FOR INDUSTRIAL OBJECT CONSTRUCTION

Rosen Nikolaev and Tanka Milkova

INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", 2021, issue 1, 64-69

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.

Keywords: Optimal Location; Game Theory (search for similar items in EconPapers)
JEL-codes: C73 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:emccon:y:2021:i:1:p:64-69

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