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http://dx.doi.org/10.7236/JIIBC.2018.18.5.251

New Store Positioning Algorithm to ensure Competitive Advantage in Monopoly Market  

Lee, Sang-Un (Dept. of Multimedia Eng., Gangneung-Wonju National University)
Publication Information
The Journal of the Institute of Internet, Broadcasting and Communication / v.18, no.5, 2018 , pp. 251-257 More about this Journal
Abstract
We will be establish the new k stores of identical product firm $F_B$ to gain competitive advantage over rival firm $F_A$ that has already monopolize a market with k stores. In this situation, how we can decide the location of k stores? For this problem, Serra and Revelle proposes k-Median and MAXCAP integer programming using LP+BB to decide the k stores of firm $F_B$. Then they exchange the k stores to another location that cover more customers. This paper suggests non-neighborhood search method that finds the ${\upsilon}{\not\in}N_G(u)$nodes for u of firm $F_A$ without most outer loop nodes using just MS-Excel. As a result of experiment, the proposed algorithm can be get the optimal solution easier and faster than integer programming.
Keywords
Monopoly market; Location; Independent degree of contribution; coupling degree of contribution; non-neighborhood search;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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