A bi-objective stochastic single facility location model for a supermarket

One of the important strategic challenges in today’s competitive environment is to select the best location for new facilities. Selecting a new location is vital for retail stores such as chain supermarkets and can be considered as a huge competitive advantage which may result in their failure or su...

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Main Author:	Roudsari, Arousha Haghighian
Format:	Thesis
Language:	English
Published:	2013
Subjects:	TS Manufactures
Online Access:	http://eprints.utm.my/id/eprint/42052/1/AroushaHaghighianRoudsariMFKM2013.pdf
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id	my-utm-ep.42052
record_format	uketd_dc
spelling	my-utm-ep.420522017-09-17T01:02:40Z A bi-objective stochastic single facility location model for a supermarket 2013-01 Roudsari, Arousha Haghighian TS Manufactures One of the important strategic challenges in today’s competitive environment is to select the best location for new facilities. Selecting a new location is vital for retail stores such as chain supermarkets and can be considered as a huge competitive advantage which may result in their failure or success. Location models are hard to implement in the real world problems, firstly because of the uncertainty of the input parameters and secondly, due to the intensive computations involved when the solution space is large such as a city. In this study, a stochastic biobjective model is developed for points and area destinations with the purpose of finding a single new location for a chain supermarket that aims to be close to more customers and also have the minimum number of competitors near to the new location. Customer locations are considered to be regional with uniform probability distribution. A reduced gradient solution procedure is used as an algorithm for solving the model. The problem is solved with the help of Matlab software due to the high computations involved. The result of this study shows that more firms and companies can be drawn to actually implementing these models that are closer to reality to increase their profit and minimize their cost which is the aim of all business firms. 2013-01 Thesis http://eprints.utm.my/id/eprint/42052/ http://eprints.utm.my/id/eprint/42052/1/AroushaHaghighianRoudsariMFKM2013.pdf application/pdf en public masters Universiti Teknologi Malaysia, Faculty of Mechanical Engineering Faculty of Mechanical Engineering
institution	Universiti Teknologi Malaysia
collection	UTM Institutional Repository
language	English
topic	TS Manufactures
spellingShingle	TS Manufactures Roudsari, Arousha Haghighian A bi-objective stochastic single facility location model for a supermarket
description	One of the important strategic challenges in today’s competitive environment is to select the best location for new facilities. Selecting a new location is vital for retail stores such as chain supermarkets and can be considered as a huge competitive advantage which may result in their failure or success. Location models are hard to implement in the real world problems, firstly because of the uncertainty of the input parameters and secondly, due to the intensive computations involved when the solution space is large such as a city. In this study, a stochastic biobjective model is developed for points and area destinations with the purpose of finding a single new location for a chain supermarket that aims to be close to more customers and also have the minimum number of competitors near to the new location. Customer locations are considered to be regional with uniform probability distribution. A reduced gradient solution procedure is used as an algorithm for solving the model. The problem is solved with the help of Matlab software due to the high computations involved. The result of this study shows that more firms and companies can be drawn to actually implementing these models that are closer to reality to increase their profit and minimize their cost which is the aim of all business firms.
format	Thesis
qualification_level	Master's degree
author	Roudsari, Arousha Haghighian
author_facet	Roudsari, Arousha Haghighian
author_sort	Roudsari, Arousha Haghighian
title	A bi-objective stochastic single facility location model for a supermarket
title_short	A bi-objective stochastic single facility location model for a supermarket
title_full	A bi-objective stochastic single facility location model for a supermarket
title_fullStr	A bi-objective stochastic single facility location model for a supermarket
title_full_unstemmed	A bi-objective stochastic single facility location model for a supermarket
title_sort	bi-objective stochastic single facility location model for a supermarket
granting_institution	Universiti Teknologi Malaysia, Faculty of Mechanical Engineering
granting_department	Faculty of Mechanical Engineering
publishDate	2013
url	http://eprints.utm.my/id/eprint/42052/1/AroushaHaghighianRoudsariMFKM2013.pdf
_version_	1747816678205423616

A bi-objective stochastic single facility location model for a supermarket

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