Abstract
The facility location problem has been studied in many industries including banking network, chain stores, and wireless network. Maximal covering location problem (MCLP) is a general model for this type of problems. Motivated by a real-world banking facility optimization project, we propose an enhanced MCLP model which captures the important features of this practical problem, namely, varied costs and revenues, multitype facilities, and flexible coverage functions. To solve this practical problem, we apply an existing hybrid nested partitions algorithm to the large-scale situation. We further use heuristic-based extensions to generate feasible solutions more efficiently. In addition, the upper bound of this problem is introduced to study the quality of solutions. Numerical results demonstrate the effectiveness and efficiency of our approach.
Original language | English (US) |
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Article number | 5433326 |
Pages (from-to) | 654-658 |
Number of pages | 5 |
Journal | IEEE Transactions on Automation Science and Engineering |
Volume | 7 |
Issue number | 3 |
DOIs | |
State | Published - Jul 2010 |
Keywords
- Banking facility
- maximal covering location problem
- mixed integer programming
- nested partitions algorithm
ASJC Scopus subject areas
- Control and Systems Engineering
- Electrical and Electronic Engineering