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On the competitive facility location problem with a Bayesian spatial interaction model
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Perera, Shanaka, Aglietti, Virginia and Damoulas, Theodoros (2023) On the competitive facility location problem with a Bayesian spatial interaction model. Journal of the Royal Statistical Society Series C: Applied Statistics, 72 (1). pp. 165-187. doi:10.1093/jrsssc/qlad003 ISSN 1467-9876.
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Official URL: https://doi.org/10.1093/jrsssc/qlad003
Abstract
The competitive facility location problem arises when businesses plan to enter a new market or expand their presence. We introduce a Bayesian spatial interaction model which provides probabilistic estimates on location-specific revenues and then formulate a mathematical framework to simultaneously identify the location and design of new facilities that maximise revenue. To solve the allocation optimisation problem, we develop a hierarchical search algorithm and associated sampling techniques that explore geographic regions of varying spatial resolution. We demonstrate the approach by producing optimal facility locations and corresponding designs for two large-scale applications in the supermarket and pub sectors of Greater London.
Item Type: | Journal Article | ||||||||||||||||||
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Subjects: | H Social Sciences > HA Statistics H Social Sciences > HD Industries. Land use. Labor |
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Divisions: | Faculty of Science, Engineering and Medicine > Science > Computer Science | ||||||||||||||||||
SWORD Depositor: | Library Publications Router | ||||||||||||||||||
Library of Congress Subject Headings (LCSH): | Bayesian statistical decision theory, Industrial location -- Decision making -- Mathematical models, Industrial location -- Mathematical models | ||||||||||||||||||
Journal or Publication Title: | Journal of the Royal Statistical Society Series C: Applied Statistics | ||||||||||||||||||
Publisher: | Oxford University Press (OUP) | ||||||||||||||||||
ISSN: | 1467-9876 | ||||||||||||||||||
Official Date: | January 2023 | ||||||||||||||||||
Dates: |
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Volume: | 72 | ||||||||||||||||||
Number: | 1 | ||||||||||||||||||
Page Range: | pp. 165-187 | ||||||||||||||||||
DOI: | 10.1093/jrsssc/qlad003 | ||||||||||||||||||
Status: | Peer Reviewed | ||||||||||||||||||
Publication Status: | Published | ||||||||||||||||||
Access rights to Published version: | Open Access (Creative Commons) | ||||||||||||||||||
Date of first compliant deposit: | 20 February 2023 | ||||||||||||||||||
Date of first compliant Open Access: | 20 February 2023 | ||||||||||||||||||
RIOXX Funder/Project Grant: |
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