16 research outputs found

    Optimizing fire station locations for the Istanbul metropolitan municipality

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    Copyright @ 2013 INFORMSThe Istanbul Metropolitan Municipality (IMM) seeks to determine locations for additional fire stations to build in Istanbul; its objective is to make residences and historic sites reachable by emergency vehicles within five minutes of a fire station’s receipt of a service request. In this paper, we discuss our development of a mathematical model to aid IMM in determining these locations by using data retrieved from its fire incident records. We use a geographic information system to implement the model on Istanbul’s road network, and solve two location models—set-covering and maximal-covering—as what-if scenarios. We discuss 10 scenarios, including the situation that existed when we initiated the project and the scenario that IMM implemented. The scenario implemented increases the city’s fire station coverage from 58.6 percent to 85.9 percent, based on a five-minute response time, with an implementation plan that spans three years

    Forecasting foreign exchange rates: A comparative evaluation of AHP

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    In the first part of this paper the US Dollar/DM exchange rates for two different time periods are forecast based on the analytical hierarchy process using the judgements of five experts. Then, the same forecasting activity is repeated via classical approaches namely Regression Analysis, ARIMA Modelling, VAR, Restricted VAR (RVAR) and Bayesian VAR (BVAR). Finally, the forecasting accuracy of the methods are compared and the results are evaluated.forecasting foreign exchange AHP ARIMA VAR regression
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