Real estate site selection: an application of artificial intelligence for military retail facilities

Abstract

The purpose of this MBA project is to investigate and provide a comprehensive overview of the current real estate site selection industry while showing applications of how artificial intelligence can improve the selection process. The goal is to identify and document both the specific industry practices primarily utilized and the principal uses of artificial intelligent algorithms for site selection and sales forecasting. The results of this project can be applied to military retail facilities (exchanges and commissaries). The current business model for military retail facilities may not be optimized based upon current trends market data. Optimizing the location and allocation of goods and services through artificial intelligent algorithms can provide previously unrealized cost savings to the Department of Defense.