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Providing decision support for mobile stores : An evaluation of location choice policies

Title data

Cramer, Florian ; Fikar, Christian:
Providing decision support for mobile stores : An evaluation of location choice policies.
2024
Event: 7th Annual Meeting of the EURO Working Group on Retail Operations , 18.09.2024 - 20.09.2024 , Vienna, Austria.
(Conference item: Conference , Speech )

Abstract in another language

Choosing the right retail location can be challenging. This holds particularly true for mobile store retail concepts where locations are flexible and can be changed frequently. Practitioners rely on trial and error to find ‘good’ locations and timeslots. To provide mobile store operators with decision support, this work considers how different location choice policies perform, assuming that the number of customers, frequency of visits, and demand are unknown. Using agent-based simulation, we compare the performance of these policies against a reinforcement learning agent. In this way, our work shows how low- and high-tech solutions can facilitate better decisions related to location choices.

Further data

Item Type: Conference item (Speech)
Refereed: Yes
Institutions of the University: Faculties > Faculty of Life Sciences: Food, Nutrition and Health > Chair Food Supply Chain Management
Faculties > Faculty of Life Sciences: Food, Nutrition and Health > Chair Food Supply Chain Management > Chair Food Supply Chain Management - Univ.-Prof. Dr. Christian Fikar
Result of work at the UBT: Yes
DDC Subjects: 300 Social sciences > 330 Economics
300 Social sciences > 380 Commerce, communications, transportation
Date Deposited: 02 Oct 2024 06:19
Last Modified: 02 Oct 2024 06:19
URI: https://eref.uni-bayreuth.de/id/eprint/90510