Featured Research

from universities, journals, and other organizations

Secret To Small Business Success: Location, Location, Location And Physics

Date:
October 2, 2006
Source:
American Physical Society
Summary:
Choosing the right location is one of the most important and difficult decisions a business owner must make. You could rely on pavement-pounding research, intuition, and a good real estate agent, or you could turn to a new model that analyzes businesses in much the same way that physicists model interactions between spinning atoms.

Choosing the right location is one of the most important and difficult decisions a business owner must make. You could rely on pavement-pounding research, intuition, and a good real estate agent, or you could turn to a new model that analyzes businesses in much the same way that physicists model interactions between spinning atoms.

Related Articles


Pablo Jensen of the Ecole Normal Superiure in France studied the locations of businesses in Lyon to determine which stores seem to attract each other and which stores repel each other (much as atoms can attract or repel each other in various materials). The analysis leads to a quality index Q that automatically reveals promising store locations throughout the city. Q might be high for a jewelery store in a particular location if there are other accessory stores nearby selling shoes or hats, but few neighboring grocery or hardware stores.

Jensen confirmed his model by looking at business data for Lyon in 2003 and 2005. He found that bakeries, for example, that were located in low quality locations in 2003 tended to fail by 2005. Meanwhile, new bakeries popped up preferentially at locations where their Q index is high.

Jensen is currently working with the Lyon Chamber of Commerce to use his model's predictions of Q to help aspiring business owners find promising locations, as well as advising city officials on ways to improve Lyon's commercial opportunities.


Story Source:

The above story is based on materials provided by American Physical Society. Note: Materials may be edited for content and length.


Cite This Page:

American Physical Society. "Secret To Small Business Success: Location, Location, Location And Physics." ScienceDaily. ScienceDaily, 2 October 2006. <www.sciencedaily.com/releases/2006/09/060930094652.htm>.
American Physical Society. (2006, October 2). Secret To Small Business Success: Location, Location, Location And Physics. ScienceDaily. Retrieved November 27, 2014 from www.sciencedaily.com/releases/2006/09/060930094652.htm
American Physical Society. "Secret To Small Business Success: Location, Location, Location And Physics." ScienceDaily. www.sciencedaily.com/releases/2006/09/060930094652.htm (accessed November 27, 2014).

Share This


More From ScienceDaily



More Science News

Thursday, November 27, 2014

Featured Research

from universities, journals, and other organizations


Featured Videos

from AP, Reuters, AFP, and other news services

New Dinosaur Species Found in Museum Collection

New Dinosaur Species Found in Museum Collection

Reuters - Innovations Video Online (Nov. 27, 2014) — A British palaeontologist has discovered a new species of dinosaur while studying fossils in a Canadian museum. Pentaceratops aquilonius was related to Triceratops and lived at the end of the Cretaceous Period, around 75 million years ago. Jim Drury has more. Video provided by Reuters
Powered by NewsLook.com
Ebola Leaves Orphans Alone in Sierra Leone

Ebola Leaves Orphans Alone in Sierra Leone

AFP (Nov. 27, 2014) — The Ebola epidemic sweeping Sierra Leone is having a profound effect on the country's children, many of whom have been left without any family members to support them. Duration: 01:02 Video provided by AFP
Powered by NewsLook.com
Experimental Ebola Vaccine Shows Promise In Human Trial

Experimental Ebola Vaccine Shows Promise In Human Trial

Newsy (Nov. 27, 2014) — A recent test of a prototype Ebola vaccine generated an immune response to the disease in subjects. Video provided by Newsy
Powered by NewsLook.com
Scientists Find Invisible Space Shield Protecting Earth

Scientists Find Invisible Space Shield Protecting Earth

Newsy (Nov. 27, 2014) — An invisible barrier is keeping dangerous super fast electrons from interfering with our atmosphere, but scientists aren't entirely sure how. Video provided by Newsy
Powered by NewsLook.com

Search ScienceDaily

Number of stories in archives: 140,361

Find with keyword(s):
 
Enter a keyword or phrase to search ScienceDaily for related topics and research stories.

Save/Print:
Share:  

Breaking News:

Strange & Offbeat Stories

 

In Other News

... from NewsDaily.com

Science News

Health News

Environment News

Technology News



Save/Print:
Share:  

Free Subscriptions


Get the latest science news with ScienceDaily's free email newsletters, updated daily and weekly. Or view hourly updated newsfeeds in your RSS reader:

Get Social & Mobile


Keep up to date with the latest news from ScienceDaily via social networks and mobile apps:

Have Feedback?


Tell us what you think of ScienceDaily -- we welcome both positive and negative comments. Have any problems using the site? Questions?
Mobile iPhone Android Web
Follow Facebook Twitter Google+
Subscribe RSS Feeds Email Newsletters
Latest Headlines Health & Medicine Mind & Brain Space & Time Matter & Energy Computers & Math Plants & Animals Earth & Climate Fossils & Ruins