Business, Management and Accounting
8 years ago

Revolutionizing facility location optimization with customer preferences using game theory.

Mathematical Problems in Engineering
Solving the Bilevel Facility Location Problem under Preferences by a Stackelberg-Evolutionary Algorithm
José‐Fernando Camacho‐Vallejo, Alvaro E. Cordero-Franco, Rosa G. González-Ramírez

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The article discusses a new way to solve a problem in choosing where to place facilities based on customer preferences. The researchers used a mix of game theory and evolutionary algorithms to find the best solution. They found that their approach improved the quality of the solution and reduced the time needed to find it compared to previous methods.