Model
Digital Document
Publisher
Florida Atlantic University
Description
This study was prepared to analyze the use of the first-period
certainty equivalence procedure in location decisions. Certainty
equivalence is a mathematical technique which explicitly incorporates
probablistic uncertainty in the decision making process.
The feasible location of an international jetport which would service
the South Florida region is used to illustrate this decision making
technique.
certainty equivalence procedure in location decisions. Certainty
equivalence is a mathematical technique which explicitly incorporates
probablistic uncertainty in the decision making process.
The feasible location of an international jetport which would service
the South Florida region is used to illustrate this decision making
technique.
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