{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,10,31]],"date-time":"2025-10-31T07:46:43Z","timestamp":1761896803537,"version":"build-2065373602"},"reference-count":32,"publisher":"MDPI AG","issue":"4","license":[{"start":{"date-parts":[[2018,4,20]],"date-time":"2018-04-20T00:00:00Z","timestamp":1524182400000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/creativecommons.org\/licenses\/by\/4.0\/"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Algorithms"],"abstract":"<jats:p>A number of markets, geographically separated, with different demand characteristics for different products that share a common component, are analyzed. This common component can either be manufactured locally in each of the markets or transported between the markets to fulfill the demand. However, final assemblies are localized to the respective markets. The decision making challenge is whether to manufacture the common component centrally or locally. To formulate the underlying setting, a newsvendor modeling based approach is considered. The developed model is solved using Frank-Wolfe linearization technique along with Benders\u2019 decomposition method. Further, the propensity of decision makers in each market to make suboptimal decisions leading to bounded rationality is considered. The results obtained for both the cases are compared.<\/jats:p>","DOI":"10.3390\/a11040054","type":"journal-article","created":{"date-parts":[[2018,4,23]],"date-time":"2018-04-23T04:29:17Z","timestamp":1524457757000},"page":"54","update-policy":"https:\/\/doi.org\/10.3390\/mdpi_crossmark_policy","source":"Crossref","is-referenced-by-count":13,"title":["Dual Market Facility Network Design under Bounded Rationality"],"prefix":"10.3390","volume":"11","author":[{"given":"D. G.","family":"Mogale","sequence":"first","affiliation":[{"name":"Department of Industrial &amp; Systems Engineering, Indian Institute of Technology, Kharagpur 721302, India"}]},{"given":"Geet","family":"Lahoti","sequence":"additional","affiliation":[{"name":"Department of Industrial &amp; Systems Engineering, Indian Institute of Technology, Kharagpur 721302, India"}]},{"given":"Shashi Bhushan","family":"Jha","sequence":"additional","affiliation":[{"name":"Department of Industrial &amp; Systems Engineering, Indian Institute of Technology, Kharagpur 721302, India"}]},{"given":"Manish","family":"Shukla","sequence":"additional","affiliation":[{"name":"Durham University Business School, Durham University, Durham DH1 3LB, UK"}]},{"given":"Narasimha","family":"Kamath","sequence":"additional","affiliation":[{"name":"O9 Solutions, Bangalore 560037, India"}]},{"ORCID":"https:\/\/orcid.org\/0000-0001-8564-1402","authenticated-orcid":false,"given":"Manoj Kumar","family":"Tiwari","sequence":"additional","affiliation":[{"name":"Department of Industrial &amp; Systems Engineering, Indian Institute of Technology, Kharagpur 721302, India"}]}],"member":"1968","published-online":{"date-parts":[[2018,4,20]]},"reference":[{"key":"ref_1","doi-asserted-by":"crossref","first-page":"90","DOI":"10.1287\/msom.1070.0198","article-title":"Multi-market facility network design with offshoring applications","volume":"11","author":"Lu","year":"2009","journal-title":"Manuf. 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