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The variance equity measure in locational decision theory

  • Center Locations And Related Problems
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Abstract

Classical location theories and models were initially developed for the private sector, so that the related operational research literature has emphasized performance measures of efficiency and effectiveness. For public sector applications, measures of equity become important, yet such measures have received little formal treatment. This paper suggests a locational equity measure, the variance measure, and investigates its properties for tree networks. A fast algorithm (O(M)) to locate the minimum variance point on a tree network is developed, and some numerical results illustrate the variance optimal location.

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Authors and Affiliations

  1. Laboratory for Information and Decision Systems, M.I.T., 02139, Cambridge, MA, USA

    O. Maimon

  2. Digital Equipment Corporation, 146 Main Street, 01745, Maynard, MA, USA

    O. Maimon

Authors
  1. O. Maimon
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Additional information

This work is dedicated to the memory of Professor Jonathan Halpern

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Maimon, O. The variance equity measure in locational decision theory. Ann Oper Res 6, 147–160 (1986). https://doi.org/10.1007/BF02026822

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  • DOI: https://doi.org/10.1007/BF02026822

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