Competitive location under proportional choice: 1-suboptimal points on networks
Journal Title: Decision Making in Manufacturing and Services - Year 2012, Vol 6, Issue 1
Abstract
This paper is concerned with a competitive or voting location problem on networks under a proportional choice rule that has previously been introduced by Bauer et al. (1993). We refine a discretization result of the authors by proving convexity and concavity properties of related expected payoff functions. Furthermore, we answer the long time open question whether 1-suboptimal points are always vertices by providing a counterexample on a tree network.
Authors and Affiliations
Erwin Pesch, Dominik Kress
Keywords
Related Articles
- EP ID EP166169
- DOI 10.7494/dmms.2012.6.2.5
- Views 74
- Downloads 0
A Bi-Objective Portfolio Optimization with Conditional Value-at-Risk
This paper presents a bi-objective portfolio model with the expected return as a performance measure and the expected worst-case return as a risk measure. The problems are formulated as a bi-objective linear program. Num...
The Art and Science of Modeling Decision-Making Under Severe Uncertainty
For obvious reasons, models for decision-making under severe uncertainty are austere. Simply put, there is precious little to work with under these conditions. This fact highlights the great importance of utilizing in su...
Analogous Forecasting of Products with a Short Life Cycle
Managing a supply chain for products with a short life cycle, like fashion apparel, high-tech, personal computers, toys, CD’s etc., is challenging for many companies (Fisher and Raman, 1999). Because the life cycles of t...
Balancing Bilinearly Interfering Elements
Many decisions in various fields of application have to take into account the joined effects of two elements that can interfere with each other. This happens for example in Medicine (synergic or antagonistic drugs ), in...
Concept of Industry 4.0-Related Manufacturing Technology Maturity Model (ManuTech Maturity Model – MTMM)
The main objective of this article is to describe Industry 4.0 and key manufacturing-technology-related technological and business challenges for manufacturing companies. The groups especially interested in the industry...