Use this identifier to quote or link this document: http://hdl.handle.net/2072/214875

Incorporating waiting time in competitive location models: formulations and heuristics
Serra de la Figuera, Daniel; Silva, Francisco
Universitat Pompeu Fabra. Departament d'Economia i Empresa
In this paper we propose a metaheuristic to solve a new version of the Maximum Capture Problem. In the original MCP, market capture is obtained by lower traveling distances or lower traveling time, in this new version not only the traveling time but also the waiting time will affect the market share. This problem is hard to solve using standard optimization techniques. Metaheuristics are shown to offer accurate results within acceptable computing times.
2013-07-10
Market capture, queuing, ant colony optimization
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