Optimal sizes of facilities on a linear market
type: Item
instance of: scholarly article
title: Optimal sizes of facilities on a linear market
zbMATH Open document ID: 0656.90030
DOI: 10.1016/0895-7177(89)90449-4
author: H. A. Eiselt
author: G. Laporte
author: Giorgio Pederzoli
published in: Mathematical and Computer Modelling
publication date: 1989-01-01T00:00:00Z
review text: Let n facilities be located on a bounded linear market and assume that demand for a homogeneous commodity is uniformly distributed along the market. Initially each facility has a given size which determines its attraction to the customers. Independently at each facility a profit function is maximized by selecting new facility sizes. The individual optima are then combined and the optimization procedure is repeated. In a series of tests it is shown that such a decentralized optimization procedure quickly converges to an overall equilibrium.
Mathematics Subject Classification ID: 90B05
Mathematics Subject Classification ID: 91B60
zbMATH DE Number: 4072674
zbMATH Keywords: facility location
zbMATH Keywords: bounded linear market
zbMATH Keywords: homogeneous commodity
zbMATH Keywords: decentralized optimization procedure
MaRDI profile type: Publication
full work available at URL: 0895-7177(89)90449-4
OpenAlex ID: W2062479662
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description: scientific article; zbMATH DE number 4072674