A Fast and Deterministic Approach to a Near Optimal Solution for the p-Median Problem
Xiang Li,
Christophe Claramunt,
Xihui Zhang and
Yingping Huang
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Xiang Li: East China Normal University, China
Christophe Claramunt: Naval Academy Research Institute, France
Xihui Zhang: University of North Alabama, USA
Yingping Huang: University of North Alabama, USA
International Journal of Operations Research and Information Systems (IJORIS), 2012, vol. 3, issue 3, 1-14
Abstract:
Finding solutions for the p-median problem is one of the primary research issues in the field of location theory. Since the p-median problem has proved to be a NP-hard problem, several heuristic and approximation methods have been proposed to find near optimal solutions with acceptable computational time. This study introduces a computationally efficient and deterministic algorithm whose objective is to return a near optimal solution for the p-median problem. The merit of the proposed approach, called Relocation Median (RLM), lies in solving the p-median problem in superior computational time with a tiny percentage deviation from the optimal solution. This approach is especially relevant when the problem is enormous where, even when a heuristic method is applied, the computational time is quite high. RLM consists of two parts: The first part uses a greedy search method to find an initial solution; the second part sequentially substitutes medians in the initial solution with additional vertices to reduce the total travel cost. Experiments show that to solve the same p-median problem, the RLM approach can significantly shorten the computational time needed by a genetic algorithm based approach to obtain solutions with similar quality.
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:igg:joris0:v:3:y:2012:i:3:p:1-14
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