On the Value of Multistage Risk-Averse Stochastic Facility Location With or Without Prioritization

We consider a multiperiod stochastic capacitated facility location problem under uncertain demand and budget in each period. Using a scenario tree representation of the uncertainties, we formulate a multistage stochastic integer program to dynamically locate facilities in each period and compare it with a two-stage approach that determines the facility locations up front. In the … Read more