The stochastic -median problem with unknown cost probability distribution
β Scribed by Roberto Tadei; Nicoletta Ricciardi; Guido Perboli
- Publisher
- Elsevier Science
- Year
- 2009
- Tongue
- English
- Weight
- 425 KB
- Volume
- 37
- Category
- Article
- ISSN
- 0167-6377
No coin nor oath required. For personal study only.
β¦ Synopsis
We want to find the location of p facilities which minimize the expected total cost, when the cost for using a facility is a stochastic variable with unknown probability distribution. Using the method of the asymptotic approximations the expected optimal value of the allocation variables is shown to be a multinomial Logit model.
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