We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
AN ALGORITHM AND COMPUTATIONAL PROCEDURE FOR LOCATING ECONOMIC FACILITIES.
- Authors
Vergin, Roger C.; Rogers, Jack D.
- Abstract
The problem of locating economic facilities in such a manner as to minimize the cost of moving inputs from source points to the facilities and outputs from the facilities to subsequent destination points has had considerable attention in recent times. A wide and diverse variety of approaches which give reasonable but not necessarily optimal solutions to such problems has been suggested. This paper suggests a different approach to this familiar problem. For a single facility location problem, an algorithm is presented which produces optimal locations. For the case of locating several new facilities a computer search process is instituted which produces close to optimal locations.
- Subjects
LOCATION analysis; INDUSTRIAL location; COST effectiveness; DELIVERY of goods; OPERATIONS research; HEURISTIC programming; SPACE in economics; RESOURCE allocation; CONVEX functions; MAXIMA &; minima; IBM 7094 (Computer); FORTRAN; COMPUTER programming
- Publication
Management Science, 1967, Vol 13, Issue 6, pB-240
- ISSN
0025-1909
- Publication type
Article
- DOI
10.1287/mnsc.13.6.B240