A probabilistic one-centre location problem on a network
O Berman and
Z Drezner ()
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O Berman: University of Toronto
Z Drezner: California State University-Fullerton
Journal of the Operational Research Society, 2003, vol. 54, issue 8, 871-877
Abstract:
Abstract In this paper we consider the one-centre problem on a network when the speeds on links are stochastic rather than deterministic. Given a desirable time to reach customers residing at the nodes, the objective is to find the location for a facility such that the probability that all nodes are reached within this time threshold is maximized. The problem is formulated, analyzed and solved by using multivariate normal probabilities. The procedure is demonstrated on an example problem.
Keywords: location; computational analysis; networks and graphs; stochastic optimization (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:jorsoc:v:54:y:2003:i:8:d:10.1057_palgrave.jors.2601594
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DOI: 10.1057/palgrave.jors.2601594
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