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1 Introduction Consider that a new company wants to open a new hotel h hotels H=th1, h2,h3, h, h) A={a1} attraction-site(e. g. Sea World) Spatial layout Price Decision-Making table Hotel Distance-to- Price() Hotel Prices) SeaWorld (km) 100 30 100 250 1.0 250 200 h 4.0 200 220 2.5 220 h 2.0 300 hf is dominated by h2 $300 is not a competitive price. 81. Introduction Hotel Price ($) h1 100 h2 250 h3 200 h4 220 8 H = {h1 , h2 , h3 , h4} A = {a1} hotels attraction-site (e.g., Sea World) h4 a1 h2 h3 h1 Spatial Layout Price Hotel Distance-to￾SeaWorld (km) Price ($) h1 3.0 100 h2 1.0 250 h3 4.0 200 h4 2.5 220 Decision-Making Table Consider that a new company wants to open a new hotel hf hf , hf} hf ? hf 2.0 ? 300 hf is dominated by h2 . $300 is not a competitive price
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