Designing Public Storage Warehouses with High Demand for Revenue Maximization

Our research question is to design public storage facilities to meet varying market demand in an environment of high demand, with an objective of revenue maximization when considering price factors. Considering the influence of price, this paper presents a stochastic design optimization model, which is embedded with demand models. We conduct numerical experiments, and show the optimization model can significantly improve the expected revenue of public storage warehouses with high demand.