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In economics, the economics of location is the study of strategies used by firms and retails in a monopolistically competitive environment in determining where to locate. [1] Unlike a product differentiation strategy, where firms make their products different in order to attract customers, an economics of location strategy is consistent with ...
In this context, Tesch developed a catalogue of criteria for international site decisions grouped into three categories: • site factors affecting all company activities • availability and costs of the site factors impacting on the production factors • turnover-related site factors.
In this context, Tesch developed a catalogue of criteria for international site decisions grouped into three categories: • site factors affecting all company activities • availability and costs of the site factors impacting on the production factors • turnover-related site factors.
The study of facility location problems (FLP), also known as location analysis, is a branch of operations research and computational geometry concerned with the optimal placement of facilities to minimize transportation costs while considering factors like avoiding placing hazardous materials near housing, and competitors' facilities.
A company is influenced by its environment. Many environmental factors, especially economical or social factors, play a big role in a company's decisions, because the analysis and the monitoring of those factors reveal chances and risks for the company's business. This environmental framework also gives information about location issues.
By looking at location decisions of firms and households, the urban economist is able to address why cities develop where they do, why some cities are large and others small, what causes economic growth and decline, and how local governments affect urban growth (O'Sullivan 2003:14).
Individual rating factors like driving record, miles driven, location and claims frequency also impact your insurance premium over time — influencing how much of a bottom-line difference ...
In economics, a location model or spatial model refers to any monopolistic competition model that demonstrates consumer preference for particular brands of goods and their locations. Examples of location models include Hotelling 's Location Model, Salop 's Circle Model, and hybrid variations.