RESEARCH ON LOGISTICS LOCATION OPTIMIZATION MODEL BASED ON TIME DIMENSIONS

The classical logistics facility location models seldom lay emphasis on time, which is a critical issue for a company to gain its competitive advantage nowadays. Some scholars study maximal covering location problem based on time-satisfaction, but most of them have not taken the consumption of time cost into account. This paper presents a new location model which incorporates time cost compared with previous approaches of time satisfaction. The model is initially developed based on the integer programming, whose objective function is subject to the maximization of total satisfaction and the minimization of total cost. Finally, it makes precise analysis taking the case of a regional network layout optimization. The computational result proves the feasibility and value of this model in its practical application.