Optimal retail location and CO2emissions

Optimal retail location and CO2 emissions

In this paper, the p-median model is used to find the location of retail stores that minimizes CO2 emissions from consumer travel. The optimal location is then compared with the existing retail location, and the excess CO2 emissions compared with the optimal solution is calculated. The results show that by using the environmentally optimal location, CO2 emissions from consumer travel could be r...

Optimal Retail Order Fulfi

In this paper, we develop a linear optimization model for minimal cost fulfillment of goods in a business to customer (B2C) scenario. In particular, we focus on an Internet enabled retailer (e-tailer) fulfilling the orders received through the Web. We formulate and solve the least cost optimization problem to determine the best choice among the following three options: dedicated fulfillment, ou...

Retail Location and Transit: An Econometric Examination of Retail Location in Prince George’s and Montgomery County, Maryland

Customer segmentation in retail facility location planning

In this contribution, we discuss a facility location model to maximize firms’ patronage, while demand is determined by a multinomial logit model (MNL). We account for customer segmentation based on customer characteristics. Hence, we are able to reduce the bias to the objective, which is due to constant substitution patterns of the MNL. Numerical studies show that averaging customer characteris...

Combining microsimulation and spatial interaction models for retail location analysis

Although the disaggregation of consumers is crucial in understanding the fragmented markets that are dominant in many developed countries, it is not always straightforward to carry out such disaggregation within conventional retail modelling frameworks due to the limitations of data. In particular, consumer grouping based on sampled data is not assured to link with the other statistics that are...