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- W2066505101 abstract "Abstract This paper is concerned with incorporating the interactive effects of location, price and demand into mathematical models of distribution systems. Equations for distribution costs, capital investment, demand and gross profit margin are introduced and from these, profit and return on investment equations are derived. For a given number of depots, a search procedure is derived to determine the locations of the depots which maximise the derived profit equation. A similar search procedure is derived to maximise return on investment. The maximum profit and maximum return on investment solutions are compared and it is deduced that for a fixed gross profit margin, these solutions will be almost identical. Finally, the search procedures are applied to real data and observations are made on how the type of location determined by the search procedures varies as the market characteristics vary." @default.
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- W2066505101 date "1978-07-01" @default.
- W2066505101 modified "2023-09-25" @default.
- W2066505101 title "Incorporating market characteristics into physical distribution models" @default.
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- W2066505101 doi "https://doi.org/10.1016/0377-2217(78)90039-5" @default.
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