کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5111828 1377855 2017 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Location choice and risk attitude of a decision maker
ترجمه فارسی عنوان
موقعیت انتخاب و ریسک نگرش تصمیم گیرنده
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
چکیده انگلیسی
In this paper we study the effect of a decision maker׳s risk attitude on the median and center problems, two well-known location problems, with uncertain demand in the mean-variance framework. We provide a mathematical programming formulation for both problems in the form of quadratic programming and develop solution procedures. In particular, we consider the vertex and absolute median problems separately, and identify a dominant set for the center problem. Glover׳s linearization method is applied to solve the vertex median problem. We also develop a branch and bound algorithm and a heuristic as the linearization technique takes too long for the vertex median problem on large networks. A computational experiment is conducted to compare the performance of the algorithms. We demonstrate the importance of taking into account the volatility and correlation structure when a location decision is made. The closest assignment property is also discussed for these location problems under the mean-variance objective.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Omega - Volume 66, Part A, January 2017, Pages 170-181
نویسندگان
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