An Evolutionary Model for Spatial Location of Economic Facilities

Seppaelae, U. (1997). An Evolutionary Model for Spatial Location of Economic Facilities. IIASA Interim Report. IIASA, Laxenburg, Austria: IR-97-003

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Locating an economic facility, warehouse, plant, retail store, etc., is one of the most important questions that a business company faces. In this paper we consider a normative model for a certain class of relocation processes. That is, when one location structure is gradually substituted by another one. This happens in response to external factors such as appearance of competitors or change of demand. Thus, we are facing with sequential decisions and the model and algorithm corresponding to them become endogenously dynamic. An evolutionary model for location of economic facilities is presented. Its application to an empirical case, namely changing locations of alcohol distribution stores, is briefly presented.

Item Type: Monograph (IIASA Interim Report)
Research Programs: Technological and Economic Dynamics (TED)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 02:09
Last Modified: 27 Aug 2021 17:16

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