Median Problems in Networks

Vladimir Marianov and Daniel Serra ()
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Daniel Serra: http://www.econ.upf.edu/en/people/onefaculty.php?id=p591

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: The P-median problem is a classical location model “par excellence”. In this paper we, first examine the early origins of the problem, formulated independently by Louis Hakimi and Charles ReVelle, two of the fathers of the burgeoning multidisciplinary field of research known today as Facility Location Theory and Modelling. We then examine some of the traditional heuristic and exact methods developed to solve the problem. In the third section we analyze the impact of the model in the field. We end the paper by proposing new lines of research related to such a classical problem.

Keywords: P-median; location modelling (search for similar items in EconPapers)
JEL-codes: C61 L80 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ure
Date: 2009-03
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Persistent link: http://EconPapers.repec.org/RePEc:upf:upfgen:1151

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