Application Of Some Locational Models in Natural Resources Industry – Agriculture Case

Bisera Andria Gusavac, Dragana Stojanovic and Zeljko Sokolovic
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Bisera Andria Gusavac: University of Belgrade, Faculty of Organizational Sciences
Dragana Stojanovic: University of Belgrade, Faculty of Organizational Sciences
Zeljko Sokolovic: Railroad Technician School

Romanian Statistical Review Supplement, 2014, vol. 62, issue 8, 82-93

Abstract: Nowadays large scale, uncertainty and multiple objectives appear increasingly in decision processes. One of the very important strategic decision for starting a business is where to locate facility. Application of operations research methods and models has had a great success throughout the years, including modeling and solving various location problems. Natural resources industry, especially agriculture sector, is a significant factor of growth and prosperity most commonly for developing countries. Operations research/management science (OR/MS) contributions in each one of applied areas of natural resource industry – agriculture, fisheries, forestry and mining are very significant. In this paper we present application of Capacitated Facility Location Problem (CFLP) in agriculture sector and we are encouraging researchers to use quantitative techniques in order to manage the use of different natural resources.

Keywords: agriculture sector; Capacitated FLP; Location analysis; Natural resources industry (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:rsr:supplm:v:62:y:2014:i:8:p:82-93

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