A new chance-constrained maximum capture location problem

Rosa Colomé, Helena Ramalhinho-Lourenço (helena.ramalhinho@upf.edu) and Daniel Serra (daniel.serra@upf.edu)
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Helena Ramalhinho-Lourenço: https://www.upf.edu/web/econ/faculty/-/asset_publisher/6aWmmXf28uXT/persona/id/3418484

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: The paper presents a new model based on the basic Maximum Capture model, MAXCAP. The New Chance–Constrained Maximum Capture modelintroduces a stochastic threshold constraint, which recognises the fact that a facility can be open only if a minimum level of demand is captured. A metaheuristic based on MAX–MIN ANT system and TABU search procedure is presented to solve the model. This is the first time that the MAX–MIN ANT system is adapted to solve a location problem. Computational experience and an application to 55–node network are also presented.

Keywords: Stochastic location; capture models (search for similar items in EconPapers)
JEL-codes: C61 J80 (search for similar items in EconPapers)
Date: 2003-01
New Economics Papers: this item is included in nep-ure
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Citations: View citations in EconPapers (4)

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Journal Article: A New Chance-Constrained Maximum Capture Location Problem (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:661

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