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In this paper we consider a location model based on the threshold concept. We find the best location such that the probability of revenue falling short of the threshold is minimized. This objective is appropriate when a firm will not survive if its revenue falls below a known threshold. A new...
Persistent link: https://www.econbiz.de/10005294245
In this note we propose a new model for the airline hub selection problem. Passengers use a hub on the way to their destination. We apply the objective of minimizing the total miles traveled by passengers. This formulation can be used as the basis for other objectives also. Copyright 2001...
Persistent link: https://www.econbiz.de/10005193333
In this paper we introduce a new objective function for the minimax location problem. Every demand point generates demand for service with a given probability (during a given period of time) and the objective is to minimize the expected maximum distance. The planar problem is proven to be convex...
Persistent link: https://www.econbiz.de/10005193350