Departemen of Computer Science, University of Tabriz, Tabriz, Iran
Abstract
Facility location problems are classical optimization problems that have numerous applications, especially in the service industries. Banks as part of the firms that are in contact with people every day, have especial sensitivity in choosing appropriate location to maximize their market share and increase customer satisfaction by providing quick access. Also by considering competitive pressure between various banks to attract potential customers, optimal placement of banking facility has especial importance for managers. Finding banking facilities location is determined by using the Maximal Covering Location Problem model with the aim of covering maximal commercial potential with considering some criteria. Current research, which has been done based on the Tejarat bank requirements for a practical project, modifies geographic distribution of banking facilities using an evolutionary algorithm with new features. The proposed algorithm, called TPCEA, whit a new encoding method and the use of different operators tries to achieve an optimal configuration for banking facilities. Results show the power of algorithm to achieve optimal solutions, appropriate scalability to increase the size of the problem, acceptable convergence and its high stability in different conditions.
Karimi, F., & Lotfi, S. (2014). Banking Facility Placement in a City Using an Evolutionary Approach. Journal of Soft Computing and Information Technology, 3(3), 30-47.
MLA
Fatemeh Karimi; Shahriar Lotfi. "Banking Facility Placement in a City Using an Evolutionary Approach". Journal of Soft Computing and Information Technology, 3, 3, 2014, 30-47.
HARVARD
Karimi, F., Lotfi, S. (2014). 'Banking Facility Placement in a City Using an Evolutionary Approach', Journal of Soft Computing and Information Technology, 3(3), pp. 30-47.
VANCOUVER
Karimi, F., Lotfi, S. Banking Facility Placement in a City Using an Evolutionary Approach. Journal of Soft Computing and Information Technology, 2014; 3(3): 30-47.