A BAYESIAN APPROACH TO PLANT‐LOCATION DECISIONS*
- 1 January 1980
- journal article
- Published by Wiley in Decision Sciences
- Vol. 11 (1) , 81-89
- https://doi.org/10.1111/j.1540-5915.1980.tb01126.x
Abstract
The paper addresses the problem of plant location in the formal context of decision making under uncertainty and presents a framework employing Bayesian analysis in the collection and assessment of information. As a general model, the Bayesian approach is shown to subsume two practical approaches common to plant‐location literature: satisficing and spatial hierarchy of plant‐site characteristics.Keywords
This publication has 1 reference indexed in Scilit:
- Plant Location under UncertaintyLand Economics, 1977