A note on a stochastic location problem

In this note we give a short and easy proof of the equivalence of Hakimi's one-median problem and the k-server-facility-loss median problem as discussed by Chiu and Larson in Computer and Operation Research. The proof makes only use of a stochastic monotonicity result for birth and death processes and the insensitivity of the M/G/k/k loss model.

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Year of publication:	1993-05-01
Authors:	Frenk, Frenk, J.B.G. ; Labbé, Labbé, M. ; Zhang, Zhang, S.
Institutions:	Faculteit der Economische Wetenschappen, Erasmus Universiteit Rotterdam
Subject:	Hakimi median \| stochastic location \| stochastic monotonicity

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Extent:	application/pdf
Series:	Econometric Institute Research Papers. - ISSN 1566-7294.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series RePEc:ems:eureir
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010731602