Journal of the Operations Research Society of China ›› 2013, Vol. 1 ›› Issue (3): 339-346.doi: 10.1007/s40305-013-0020-0

• Stochastic Optimization • Previous Articles     Next Articles

An Approximation Algorithm for the Risk-Adjusted Two-Stage Stochastic Facility Location Problem with Penalties

  

  • Online:2013-09-30 Published:2013-09-30

Abstract:

In this paper, we consider the risk-adjusted two-stage stochastic facility
location problem with penalties (RSFLPP). Using the monotonicity and positive
homogeneity of the risk measure function, we present an LP-rounding-based
6-approximation algorithm.

Key words: Facility location , Approximation algorithm , LP-rounding , Risk-adjusted