Nested-solution facility location models
Loading...
Date
2021-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Springer Science and Business Media LLC
Abstract
Classical facility location models can generate solutions that do not
maintain consistency in the set of utilized facilities as the number of utilized
facilities is varied. We introduce the concept of nested facility locations, in
which the solution utilizing p facilities is a subset of the solution utilizing q
facilities, for all i ≤ p < q ≤ j, given some lower limit i and upper limit j on
r, the number of facilities that will be utilized in the future. This approach
is demonstrated with application to the p-median model, with computational
testing showing these new models achieve reductions in both average regret
and worst-case regret when r 6 = p facilities are actually utilized.
Description
This version of the article has been accepted for publication, after peer review (when applicable) and is subject to Springer Nature’s AM terms of use, but is not the Version of Record and does not reflect post-acceptance improvements, or any corrections. The Version of Record is available online at: http://dx.doi.org/10.1007/s11590-021-01759-4
Keywords
facility location, optimization, practicality of model solutions
Citation
McGarvey, R. G., & Thorsen, A. (2022). Nested-solution facility location models. Optimization Letters, 16(2), 497-514.