Facility location based on Adjusted Present Value

IF 3.7 4区管理学 Q2 OPERATIONS RESEARCH & MANAGEMENT SCIENCE

Operations Research Perspectives Pub Date : 2024-12-20 DOI:10.1016/j.orp.2024.100319

Hamidreza Rezaei , Nathalie Bostel , Vincent Hovelaque , Olivier Péton , Jean-Laurent Viviani

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Abstract

Supply chain network design aims to optimize strategic decisions such as facility location decisions.

These decisions have a major impact on the supply chain, but also on the financial value of the company. However, financial considerations are often omitted from facility location mathematical models.

This paper addresses the challenge of identifying a relevant financial indicator that can be practically implemented in facility location models across different industries.

This paper makes several contributions: the Adjusted Present Value (APV) is identified as such a financial indicator; we propose a mathematical formulation that embeds the APV in a facility location model maximizing firm value; computational experiments demonstrate the tractability of the model. Finally, we compare the mathematical model with a sequential approach that first optimizes logistical decisions and then financial decisions. The proposed model improves the sequential approach up to 5.5%, increases the market coverage and anticipates facility location decisions.

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基于调整后现值的设施位置

供应链网络设计的目的是优化战略决策，如设施选址决策。这些决策不仅对供应链有重大影响，而且对公司的财务价值也有重大影响。然而，在设施选址数学模型中往往忽略了财务方面的考虑。本文解决了确定相关财务指标的挑战，该指标可以在不同行业的设施选址模型中实际实施。本文做出了以下贡献：将调整后的现值（APV）确定为这样一个财务指标；我们提出了一个数学公式，将APV嵌入到企业价值最大化的设施选址模型中；计算实验证明了该模型的可跟踪性。最后，我们将数学模型与顺序方法进行比较，顺序方法首先优化物流决策，然后优化财务决策。所提出的模型将顺序方法提高了5.5%，增加了市场覆盖率，并预测了设施选址决策。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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