Header menu link for other important links
A center location model with stochastic demand points
Published in International Forum of Management Scholars
Volume: 21
Pages: 201 - 214

In the present investigation a vertex covering center location model has been developed and modeled in stochastic environment. The problem has been dealt after relaxing the restrictions of the network and modeled as a multi-objective location problem where the existing demand points are not known but are instead random variables specified by probability distributions. Both bivariate uniform and bi-variate exponential distributions have been considered to design the models. Compromise solution methods for the different probability distributions have been developed. It has been proved that the solutions obtained by these procedures will give global optimal solutions. Recti-linear distance norm has been considered as the distance measure as it is more appropriate in different realistic situations.

About the journal
JournalInternational Journal of Operations and Quantitative Management
PublisherInternational Forum of Management Scholars
Open AccessNo
Concepts (6)
  •  related image
    Stock valuation
  •  related image
    Banking sector
  •  related image
  •  related image
  •  related image
  •  related image
    Accounting information