introduced into the models (Paelink, & Nijkamp, 1985). The concept of profit maximization, which is consistent with the traditional interpretation of the theory of the firm, has been retained in the contemporary models.
The traditional interpretation of the theory of the firm itself has been challenged, however, and a behavioral model of the theory of the firm has emerged (Paelink, & Nijkamp, 1985). The introduction of the behavioral model of the theory of the firm had significant implications for location theory. It 2 4indicated that locational decisions likely had behavioral aspects that were not effectively considered in the generally used location decision models. Behavior is of considerable significance in analyzing location decisions made by firms, households, and individuals.
McDonald (1986) offered the concept of the phenomenon of floating factories. In referring to a floating factory, McDonald indicated that a growing number of manufacturing firms are not w
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