Modelling commodity flows under uncertainty
In the modelling of the flow of commodities from dispatching firms to receiving firms, consignments of differing amounts of the one homogeneous commodity and perceived heterogeneity across the available receiving firms in each zone are accounted for by using an information-theoretic approach with probabilities disaggregated in terms of the number of unit shipments in any consignment, conditional upon the receiving capacity of the firms. It is shown how these results may be approximately aggregated to yield results similar to those obtained via statistical mechanics. As the model does not enforce full utilization of the capacity of the receiving firms, it is potentially responsive to the consideration of impacts of factors such as differential pricing and credit conditions. Certain criteria are presented for guaranteeing good numerical properties of the solution.
Year of publication: |
1985
|
---|---|
Authors: | Roy, J R ; Lesse, P F |
Published in: |
Environment and Planning A. - Pion Ltd, London, ISSN 1472-3409. - Vol. 17.1985, 9, p. 1271-1274
|
Publisher: |
Pion Ltd, London |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Minimizing information loss in simple aggregation
Roy, J R, (1982)
-
Entropy models with entropy constraints on aggregated events
Roy, J R, (1985)
-
Optimal replacement and maintenance of urban infrastructure
Lesse, P F, (1987)
- More ...