In this paper we present the problem of decision making on the facility location and pricing. We assume that the facilities can charge the different prices and the objective is to maximize the overall revenue. It is known that the problem is NPhard in the strong sense even for the given facility location. A two level local search heuristic based on the VNS framework is developed for this nonlin...

Facility location problems form an important class of industrial optimization problems. These problems typically involve the optimal location of facilities. For our purposes, a facility is just a physical entity that assists with the provision of a service or the production of a product. Examples include: schools, ambulance depots, emergency care centers, firestations, workstations, libraries e...