Location Allocation Problems

Location Allocation Problems involve finding the best locations for facilities, such as warehouses or stores, to serve a specific area while considering factors like cost, demand, and accessibility. The goal is to efficiently distribute resources to minimize transportation costs and maximize service coverage. For example, a company may want to decide where to open new stores so that they can reach the most customers with the least expense. These problems use mathematical modeling and algorithms to make informed decisions that enhance operational efficiency and customer satisfaction.