I'm building an application based around finding a "convenient meeting point" given a set of locations.
Currently I'm defining "convenient" as "minimising the total travel distance". This is a different problem from finding the centroid as illustrated by the following example (using cartesian coordinates rather than latitude and longitude for convenience):
The location of minimum total travel for these points is at (0,0) with total travel distance of 12; the centroid is at (0,4) with total travel distance of 16 (4 + 4 + 8).
If the location were confined to being at one of the points, the problem appears to become simpler, but this isn't a constraint I intend to have (unlike, for example, this otherwise similar question).
What I can't seem to do is come up with any sort of algorithm to solve this - suggestions welcomed please!
Here is a solution that finds the geographical midpoint and then iteratively explores nearby positions to adjust that towards the minimum total distance point.
http://www.geomidpoint.com/calculation.html
This question is also quite similar to
Minimum Sum of All Travel Times
Here is a wikipedia article on the general problem you're trying to solve: