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The Median Principle

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Part of the book series: International Series in Operations Research & Management Science ((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.

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Lowe, T.J., Chhajed, D. (2008). The Median Principle. In: Chhajed, D., Lowe, T.J. (eds) Building Intuition. International Series in Operations Research & Management Science, vol 115. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-73699-0_6

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