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The Median Principle

  • Timothy J. Lowe
  • Dilip Chhajed
Part of the International Series in Operations Research & Management Science book series (ISOR, volume 115)

The mean or average value is often used as the representation of a list of numbers when in fact another measure, the median, which is the middle value of the list, is more appropriate. This principle of “middle” is more general and has several other applications—from location to inventory problems.

Keywords

Location Problem House Price Main Street Good Location Weighted Distance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer Science + Business Media, LLC 2008

Authors and Affiliations

  • Timothy J. Lowe
  • Dilip Chhajed

There are no affiliations available

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