Return on Investment Analysis for Facility Location

We consider how the optimal decision can be made if the optimality criterion of maximizing profit changes to that of maximizing return on investment for the general uncapacitated facility location problem. We show that the inherent structure of the proposed model can be exploited to make a significa...

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Bibliographic Details
Main Authors: Myung, Young-soo, Tcha, Dong-wan
Format: Working Paper
Language:en_US
Published: Massachusetts Institute of Technology, Operations Research Center 2004
Subjects:
Online Access:http://hdl.handle.net/1721.1/5306
Description
Summary:We consider how the optimal decision can be made if the optimality criterion of maximizing profit changes to that of maximizing return on investment for the general uncapacitated facility location problem. We show that the inherent structure of the proposed model can be exploited to make a significant computational reduction.