Minmax regret median location on a network under uncertainty

Minmax regret median location on a network under uncertainty

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Article ID: iaor20012493
Country: United States
Volume: 12
Issue: 2
Start Page Number: 104
End Page Number: 110
Publication Date: Mar 2000
Journal: INFORMS Journal On Computing
Authors: ,
Keywords: computational analysis, optimization, location
Abstract:

We consider the 1-median problem on a network with uncertain weights of nodes. Specifically, for each node, only an interval estimate of its weight is known. It is required to find the ‘mini-max regret’ location, i.e., to minimize the worst-case loss in the objective function that may occur because a decision is made without knowing which state of nature will take place. We present the first polynomial algorithm for this problem on a general network. For the problem on a tree network, we discuss an algorithm with an order of complexity improved over the algorithms known in the literature.

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