Title of article :
A novel spatial decision support methodology to practically restructure branches network under uncertainty
Author/Authors :
Allahyari, Somayeh School of Industrial Engineering - Iran University of Science and Technology - Tehran, Iran , Yaghoubi, Saeed School of Industrial Engineering - Iran University of Science and Technology - Tehran, Iran , Fathian, Mohammad School of Industrial Engineering - Iran University of Science and Technology - Tehran, Iran
Abstract :
The proper location of facilities /service providers is of paramount importance
in the business success of several economy sectors for the sake of its effects on
the service demand and hence on the market share. A vital problem resulted from
modernization, urbanization, and globalization is the reconfiguration of branch
locations and service capabilities to match the fast-changing and competitive
market, regional economy, and customer distribution. This work introduces a
new spatial decision support methodology to restructure branches' network with
proposing a mathematical model taken from a real national project in the
financial market. It considers establishing the new branches, relocating the
current branches, merging the redundant branches, or ones with poor
performance into the other branches. Moreover, a credibility-based fuzzy
chance-constrained programming model is proposed to consider uncertainty in
travel distances and market attractiveness of each node. The data and results are
processed using the geographical information system (GIS) for Bank Melli in an
urban district of Tehran.
Keywords :
Branch restructuring problem , facility location , decision making , geographical information system , fuzzy mathematical programming
Journal title :
Journal of Industrial and Systems Engineering (JISE)