Assessing the Optimal Location for Parking Lots Is Not So Easy

…The Facility Location Problem, or FLP, is a long-standing challenge within operations research—the application of scientific methods to decision-making and problem-solving by managers in large commercial, public or military organizations…

…The FLP aims to determine the optimal location and number of facilities in a given area, given certain constraints…

…Assessing the optimal location for parking lots is surprisingly mathematically challenging, and a subset of a classic computational complexity problem with far wider applications. A team of data scientists has combined quantum annealing with a process that attempts to mimic the underlying processes of human intuition in a technique that delivers a solution accuracy that’s far superior to conventional approaches… 

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