The objective of facility location models is to maximize the profit or minimize the cost of a company that wishes to expand or enter the market. The market share captured by facilities is a function of the distances to the facilities and their attractiveness. The analysis involves how to estimate the market share captured by facilities, where to locate new facilities, how to determine their attractiveness, and reactions of competitors to the actions of locating a facility. This invited review is dedicated to honor Tammy Drezner and her significant contributions to the field of competitive location. Her main innovative contributions include ways to find best locations for competing facilities, methods to assess their attractiveness levels, and significant modifications to the classic gravity model. The research on competitive facility location is still evolving and there are many aspects yet to be analyzed. A list of ideas for future research is proposed.
No takes yet. Share an insight, caveat, or question.
Drezner et al. (2023) studied this question.
Synapse has enriched one closely related paper. Consider it for comparative context: