Article ID: | iaor200971618 |
Country: | Belgium |
Volume: | 17 |
Issue: | 1 |
Start Page Number: | 3 |
End Page Number: | 27 |
Publication Date: | Oct 2009 |
Journal: | Studies in Locational Analysis |
Authors: | Francis Richard L, Lowe Timothy J |
Every mathematical modeler faces the problem of how much detailto build into the model. We consider this problem for a class of location models, where detail is inversely proportional to demand point aggregation error. We show the problem can be formulated, and analyzed, as a multicriteria decision problem. The law of diminishing returns plays an important role.