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Spatial Mathematics for Optimal Networks
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GeonetxTM is a
software application for modeling and planning optimal retail
networks in new markets and isolating store relocation or
in-fill strategies in existing markets. The advanced algorithms,
easy to navigate and understand interface, flexible design and
remarkable speed make GeonetxTM an ideal tool for
every real estate department. Regardless of the specialty of
your commercial real estate practice, the GIS tools you use, the
country in which you operate, how you define competition or the
analytics that define your demand, GeonetxTM
immediately delivers optimal real estate networks so you can
begin to drop optimal financial results to your bottom line.
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simple interface allows you a wide range of modeling options
for alternative network scenarios and build-out strategies
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Operates with any point of supply/demand database utilizing
any of the popular GIS formats including Oracle Spatial
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Analytic independence allows you to use any demand driver
from any demographic provider or modeling vendor
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Geography independence means one modeling tool regardless of
what country or continent you are growing your network in
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Whether you are adding one location or one hundred, locally
or nationally, no network optimization tool is faster or
more accurate |
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Powerful formula editors allow for an unlimited range of
distance and competitive decay functions
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User defined fixed, new and competitive location functions
and mutation controls allows for highly accurate network
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Hybrid approach that includes localized balancing optimizes
each node in the network once the overall network is
optimized |
Geonetx is a new approach
to a persistent business problem. It rapidly and accurately
answers several questions like 1) If I add 4 stores to the
Atlanta market, where should I put them knowing my customers
will not travel more than 4 miles to get to one, 2) If I have 18
facilities in the Denver DMA and 3 of the leases are expiring
and I need 3 additional stores put into operation and I compete
with ABC Company with 21 locations, what should my network look
like? 3) I have 67,000 ATM Card holders in Southern New Jersey.
How many ATM locations do I need if I want to ensure that my
most active ATM users and prospects never have to travel on
average more than 1 mile to one of my ATM's? 4) I know I need
roughly 4,000 loyal customers per store to be profitable. How
many stores can I put into Dade County knowing how my
competitors affect my loyal customers? 5) We service 5,300
retail outlets in Southern California and we have outgrown our
distribution facility. If I increase my total warehouse space by
25% across 3 smaller facilities, where should they be located to
reduce my average distance to any customer by 40%?
Unlike many firms in the predictive analytics and site location
modeling market space, the Geonetx solution solves a wide array
of location/allocation problems with a 'transparent box'
approach, so you understand what it does, how it does it, and
how it can be applied to your company's unique requirements. You
control all the inputs and run the application locally so that
your results can be delivered and tested in real time and
without any additional cost. Geonetx speed and flexibility is
changing the way retail/real estate professional analyze markets
from multiple angles, thus enabling faster execution on the very
best opportunities.
About GeonetxTM
Geonetx requires input variables that define the supply/demand
parameters, the distance/decay features and the mutations that
impact results
Supply Points
- The potential locations file defines the x/y coordinates the
model will use to calculate optimal locations. It can consist of
intersections, available properties that meet your leasing
criteria, existing networks, centroids of grid cells, or any
census or postal geography. The larger the number of potential
points of supply, the more calculations the model will need to
process and the more optimal the final network.
Supply points will also be defined should an existing network
need to be fixed for market in-fill applications. The potential
locations file and the existing supply points do not need to be
in the same file or format.
Demand Points
- The x/y coordinates represent Points of demand from where the
demand for a good or service originates. The demand points can
be represented by customer/prospect locations or centroids of
trade areas, grid cells, census or postal geography. The demand
points do not need to be in the same file or format as the
supply point file.
The demand variable must be appended to the point of demand
file, and it can contain any raw, calculated or modeled value(s).
Multiple demand variables will allow users to test a variety of
network scenarios.
Competitor
Points - When
running a network model that includes competitive influences,
the competitive file must be represented by an x/y coordinate.
While this file is most likely to reflect the locations of
competitors, it may also be centroids of trade areas, grid
cells, advertising areas, census or postal geography.
The competitive decay formula allows users to specify the
positive or negative impact the competitive file has on
calculation of optimal points of supply. The variables must be
contained in the same competitive location file and can include
attributes such as square footage, sales volumes, customer
satisfaction scores, advertising expenditures etc. The formula
editor gives users the ability to alter the impact of each
individual competitor based on the available attributes.
Mutations
- Users define the number of attempts, or mutations, they desire
the selected model to run against in an effort to isolate the
optimal network requested. The greater the number of mutations,
the longer the model will run and the more optimized the network
will be. |
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