Tradeoff analysis of cost and aggregation error for some location models

Tradeoff analysis of cost and aggregation error for some location models

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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: ,
Abstract:

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.

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