The Median Principle

Timothy J. Lowe; Dilip Chhajed

doi:10.1007/978-0-387-73699-0_6

The Median Principle

Timothy J. Lowe, Dilip Chhajed

Business Administration

Research output: Chapter in Book/Report/Conference proceeding › Chapter

Abstract

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.

Original language	English (US)
Title of host publication	Building Intuition
Subtitle of host publication	Insights From Basic Operations Management Models and Principles
Editors	Dilip Chhajed, Timothy J Lowe
Publisher	Springer
Pages	101-114
Number of pages	14
DOIs	https://doi.org/10.1007/978-0-387-73699-0_6
State	Published - 2008

Publication series

Name	International Series in Operations Research and Management Science
Volume	115
ISSN (Print)	0884-8289

ASJC Scopus subject areas

Software
Computer Science Applications
Strategy and Management
Management Science and Operations Research
Applied Mathematics

Online availability

10.1007/978-0-387-73699-0_6

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The Median Principle

Abstract

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ASJC Scopus subject areas

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Building Intuition: Insights From Basic Operations Management Models and Principles

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