Selecting Tenants in a Shopping Mall

James C. Bean, Charles E. Noon, Sarah M. Ryan and Gary J. Salton
Additional contact information
James C. Bean: Department of Industrial and Operations Engineering, The University of Michigan, Ann Arbor, Michigan 48109-2117
Charles E. Noon: College of Business Administration, 618 Stokely Management Center, University of Tennessee, Knoxville, Tennessee 37996-0562
Sarah M. Ryan: Department of Industrial and Operations Engineering, The University of Michigan, Ann Arbor, Michigan 48109-2117
Gary J. Salton: Homart Development Company, Xerox Centre, Suite 3100, 55 W. Monroe, Chicago, Illinois 60603

Interfaces, 1988, vol. 18, issue 2, 1-9

Abstract: As a developer of premium regional shopping malls, Homart Development Company designs, constructs, and leases new centers. Early in the development process, Homart negotiates and arranges accommodations for the large department store tenants. Once the department stores are situated and a general mall floorplan is known, Homart must decide how to lease the many smaller store spaces that complete the mall. The types, sizes, and locations of these smaller tenants play an important role in determining the financial success of a center. We formulated this problem of deciding a center's “tenant mix” as a nonlinear integer program and solved it using a linear approximation. Validation results show the method yields a potential 10 to 26 percent improvement in the present worth of a center.

Keywords: industries: real estate; programming: integer; algorithms; heuristic (search for similar items in EconPapers)
Date: 1988
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://dx.doi.org/10.1287/inte.18.2.1 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:orinte:v:18:y:1988:i:2:p:1-9

Access Statistics for this article

More articles in Interfaces from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().