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A regret model applied to the facility location problem with limited capacity facilities

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This article addresses issues related to location and allocation problems. Herein, we intend to demonstrate the influence of congestion, through the random number generation, of such systems in final solutions. An algorithm is presented which, in addition to the GRASP, incorporates the Regret with the pminmax method to evaluate the heuristic solution obtained with regard to its robustness for different scenarios. Taking as our point of departure the Facility Location Problem proposed by Balinski [27], an alternative perspective is added associating regret values to particular solutions.

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Allocation Coverage Heuristic Location Regret Model

Citation

Nunes, Pedro P.; Silva, Francisco J. F.; Lourenço, Helena R. (2013). A regret model applied to the facility location problem with limited capacity facilities, “Working Paper Series”, nº 11/13, 30 pp.. Ponta Delgada: Universidade dos Açores, CEEAplA-A.

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Universidade dos Açores

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