Download Free Optimal Location Of Retail Facilities Book in PDF and EPUB Free Download. You can read online Optimal Location Of Retail Facilities and write the review.

There is a substantial theoretical literature on the location of retail facilities in space assuming that the spatial demand curve is known, or that the ideal data needed to estimate such a curve is available. This study shows how to implement a formal location analysis for a retail activity (postal services) when all that is known is revenue of currently operating facilities. Further complications, such as the delivery of retail services through two different types of outlets are also accommodated by the method. In the end, it is possible to implement a formal business model for the delivery of retail postal services that allows the user to simulate the consequences of dramatic changes in the way that those services are supplied to the public.
We consider the location problem for retail service facilities, consumer-facing storefronts that provide a service and compete with other retailers to some degree or the other. Location is one of the most important strategic decisions for a retail firm. It is a risky and often an irrevocable decision, in the sense that it involves a large investment, is very difficult to rectify, and affects profits and operations for many years in the future. This problem is especially challenging for the following reasons: (i) Location models require estimates of how demand will expand and shift when we locate a new facility, but the firm, since it has not yet started operations, has no historical demand data to calibrate the models; (ii) Future entry as well as exits of competitors affect the firm's revenues and profitability, but predicting such future strategic developments is rather complicated. In this paper, we consider forward-looking competitive entry and exit decisions using a simple equilibrium framework, solvable by integer programming and estimable from public data. To capture the taste of local demographics, we build a model based on online reviews of the incumbent establishments where facilities have latent characteristics and customers have preference for these latent characteristics. This serves as an input to predict customer demand which drives our optimal location solution and gives firms an easy and tractable toolkit for their decision-making. We apply the model to a service industry, specifically the restaurant industry, to illustrate how it can be made operational. Our estimation results show that customers differ significantly in their willingness to travel and rating sensitivities across restaurant types. Apart from a tractable toolkit to help their decision process, we show, via counterfactuals, that optimized location decision-making can increase chances of survival by up to 37.5%. Managerial insight into the nature of competitive location dispersion is also provided.
The widespread use of Geographical Information Systems (GIS) has significantly increased the demand for knowledge about spatial analytical techniques across a range of disciplines. As growing numbers of researchers realise they are dealing with spatial data, the demand for specialised statistical and mathematical methods designed to deal with spatial data is undergoing a rapid increase. Responding to this demand, The Handbook of Spatial Analysis is a comprehensive and authoritative discussion of issues and techniques in the field of Spatial Data Analysis. Its principal focus is on: • why the analysis of spatial data needs separate treatment • the main areas of spatial analysis • the key debates within spatial analysis • examples of the application of various spatial analytical techniques • problems in spatial analysis • areas for future research Aimed at an international audience of academics, The Handbook of Spatial Analysis will also prove essential to graduate level students and researchers in government agencies and the private sector.
GIS data and tools are revolutionizing transportation research and decision making, allowing transportation analysts and professionals to understand and solve complex transportation problems that were previously impossible. Here, Miller and Shaw present a comprehensive discussion of fundamental geographic science and the applications of these principles using GIS and other software tools. By providing thorough and accessible discussions of transportation analysis within a GIS environment, this volume fills a critical niche in GIS-T and GIS literature.
Facility location is concerned with the siting of one or more facilities in a way that optimizes certain objectives such as minimizing transportation costs, providing equitable service to customers, or minimizing the time taken to deliver emergency services. This handbook presents a wide-ranging survey of location analysis. Both researchers in the subject and practitioners concerned with the solution of real-world problems will find this an up-to-date and comprehensive volume which addresses all the major methods and applications in the field. Each chapter has been written by an expert on that particular topic, and the editor has taken care to ensure a uniformity of style and notation throughout. The book is organized into four parts: Methodology and analysis of facility location.- Various objectives in facility location.- Competitive facility location.- Routing and location.
The comprehensive introduction to the art and science of locating facilities to make your organization more efficient, effective, and profitable. For the professional siting facilities, the task of translating organizational goals and objectives into concrete facilities requires a working familiarity with the theoretical and practical fundamentals of facility location planning and modeling. The first hands-on guide to using and developing facility location models, Network and Discrete Location offers a practiceoriented introduction to model-building methods and solution algorithms, complete with software to solve classical problems of realistic size and end-of-chapter exercises to enhance the reader's understanding. The text introduces the reader to the key classical location problems (covering, center, median, and fixed charge) which form the nucleus of facility location modeling. It also discusses real-life extensions of the basic models used in locating: production and distribution facilities, interacting services and facilities, and undesirable facilities. The book outlines a host of methodological tools for solving location models and provides insights into when each approach is useful and what information it provides. Designed to give readers a working familiarity with the basic facility location model types as well as an intuitive knowledge of the uses and limits of modeling techniques, Network and Discrete Location brings students and professionals alike swiftly from basic theory to technical fluency.
Operations Research (OR) is a fast-evolving field, which is having a significant impact on its neighbouring disciplines of Business Analytics and Data Science, and on contemporary business and management practices. This handbook provides a comprehensive and cutting edge collection of studies in the area. Views differ on what should be included within the scope of OR. The editors of this volume have taken the view that an inclusive stance is the most helpful, both for theory and practice. Real-world problems often require consideration from both ‘softer’ and ‘harder’ perspectives and need consideration of both predictive and prescriptive problems. In accordance with this inclusive approach to OR, the book is divided into six parts, covering Discrete Optimization, Continuous Optimization, Heuristic Search Optimization, Forecasting, Simulation and Prediction, Problem Structuring and Behavioural OR, and finally some recent OR Applications. This wide-ranging handbook includes a culturally diverse collection of authors, with different perspectives and backgrounds around Operations Research. It will be of tremendous value to researchers, students and practitioners in the field of OR
This book is a collection of chapters on issues we face today in the world of supply chain management. While there are a number of college textbooks related to specific areas within logistics and supply chain issues, there are very few general supply chain management “trends” books. Contemporary Issues in Supply Chain Management and Logistics consists of seven dynamic, current and informative chapters that cover a variety of cutting-edge supply chain topics of use to both graduate students, and professionals working in the field. The book contains new, original research papers written by academics from the fields of engineering, transportation, marketing, and supply chain management and logistics.