A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
The exclusion theorem under uncertainty: A review and generalization of recent contributions
Abstract. This paper attempts to examine the validity of the exclusion theorem on a line under a stochastic environment in a more general context than prior studies. Our analysis shows that there are three key factors determining the intermediate or the corner location to be optimal; namely, including the type of uncertainty, the firm's attitude toward risk, and the convexity of the total transportation cost function. The main result is presented, and a comparison of our finding with those obtained by prior studies is then provided.
The exclusion theorem under uncertainty: A review and generalization of recent contributions
Abstract. This paper attempts to examine the validity of the exclusion theorem on a line under a stochastic environment in a more general context than prior studies. Our analysis shows that there are three key factors determining the intermediate or the corner location to be optimal; namely, including the type of uncertainty, the firm's attitude toward risk, and the convexity of the total transportation cost function. The main result is presented, and a comparison of our finding with those obtained by prior studies is then provided.
The exclusion theorem under uncertainty: A review and generalization of recent contributions
Hsu, Song-Ken (author) / Tan, Lin-Ti (author)
2000
Article (Journal)
English
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