Maximal Covering Location Problem with Price Decision for Revenue Maximization in a Competitive Environment

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17 Citaten (Scopus)

Samenvatting

In this paper we extend the classical maximal covering model in a competitive environment by including a price decision. We formulate a revenue maximization model and propose two procedures to solve it.

By thoroughly examining the relationships between the maximal covering problems for different prices, we reveal interesting properties of the deduced revenue maximization model, leading to a full enumeration solution approach. With the help of two more properties we develop a second, more intelligent solution procedure.

Computational experiments show promising results for a small and medium case study.
Originele taal-2English
Pagina's (van-tot)555-571
Aantal pagina's17
TijdschriftOR Spectrum
Volume31
Nummer van het tijdschrift3
StatusPublished - 1 jun 2009

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