Abstract
A hybrid algorithm for stochastic single-source capacitated facility location problem with service level requirements
Highlights
A segment of supply chain management is dedicated to facility location problems (FLP)
Single Source Capacitated Facility Location Problem (SSCFLP) is the opposite point of multi-sourcing capacitated problems
The power of proposed algorithm is embedded in its heuristic nature which is capable of solving stochastic single source capacitated facility location problem (SSSCFLP) problems efficiently
Summary
A segment of supply chain management is dedicated to facility location problems (FLP). Given a set of potential locations of facilities (e.g. plants, warehouses) and a set of demand points, facility location problem is to find locations of facilities in a way that total cost of opening and allocation of customers for satisfying their demand is minimized. These problems may be seen as the most critical and significant decisions in building an efficient supply chain since they are fixed and difficult to change even in the intermediate term. Facilities should have sufficient capacity to cope with uncertainties with a degree of reliability level
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