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Title of Journal: Ann Oper Res

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Abbravation: Annals of Operations Research

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Springer US

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1572-9338

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Location of retail facilities under conditions of

Authors: Tammy Drezner
Publish Date: 2007/09/18
Volume: 167, Issue: 1, Pages: 107-120
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Abstract

Models for the optimal location of retail facilities are typically premised on current market conditions In this paper we incorporate future market conditions into the model for the location of a retail facility Future market conditions are analyzed as a set of possible scenarios We analyze the problem of finding the best location for a new retail facility such that the market share captured at that location is as close to the maximum as possible regardless of the future scenario The objective is the minimax regret which is widely used in decision analysis To illustrate the models an example problem is analyzed and solved in detail

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