Competitive store closing during an economic downturn

摘要: Abstract The economic downturn of the late 2000s resulted in closing a number retail stores. When doing so firm has to consider which stores close, and when close them, that profits are maximized. Since operate competitive environment, these decisions not simply function retailer's existing store locations but also contingent on location, decisions, operated by rival firms. This paper examines game between two chains looking downsize operations given region presents solution procedure captures equilibrium decisions. includes single period mixed integer program model multi-period heuristic with backward forward pass find near optimal solutions. Our results provide guidelines for developing effective strategies systematically reduce profit is maximized while pressure exerted