| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 715194 | IFAC Proceedings Volumes | 2013 | 5 Pages |
Abstract
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.
Related Topics
Physical Sciences and Engineering
Engineering
Computational Mechanics
