A new chance-constrained maximum capture location problem

Abstract

The paper presents a new model based on the basic Maximum Capture model, MAXCAP. The New Chance–Constrained Maximum Capture modelintroduces a stochastic threshold constraint, which recognises the fact that a facility can be open only if a minimum level of demand is captured. A metaheuristic based on MAX–MIN ANT system and TABU search procedure is presented to solve the model. This is the first time that the MAX–MIN ANT system is adapted to solve a location problem. Computational experience and an application to 55–node network are also presented.Stochastic location, capture models