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A Multiobjective Approach for a Dynamic Simple Plant Location Problem under Uncertainty

Conference paper
Part of the Lecture Notes in Computer Science book series (LNCS, volume 8580)

Abstract

Location problems are, by nature, strategic decisions since facilities will usually be in operation in the medium and long terms. It is necessary to decide today, given the available information, knowing that the consequences of today’s decisions will remain in time. Having to include in the decision making process data that will only be known with certainty in the future does not advise the use of deterministic models: the existing uncertainty should be explicitly included in the models. The notion of optimal solution becomes fragile: it will be difficult to find a single solution that is the best in all possible future realizations of uncertainty. In this paper we consider a dynamic simple plant location problem, where uncertainty is explicitly considered through the use of scenarios. We advocate the use of a multiobjective approach as a valuable tool in guiding the decision-making process, iteratively or as an off-line generation procedure.

Keywords

Location Problems Uncertainty Scenarios Multiobjective Paretoefficient 

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  1. 1.Faculdade de EconomiaUniversidade de CoimbraCoimbraPortugal
  2. 2.Inesc-CoimbraCoimbraPortugal
  3. 3.ISEC, DFMInstituto Politécnico de CoimbraCoimbraPortugal

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