I usually locate valves in a reticulation system, to "protect the main source of supply".
If you have a DN 500 pipe with a DN 200 off the larger pipe, one of the main purposes of the valve, is to ensure the integrity (safety & reliability of supply) of the main pipe. In other words, don't have a DN 500 pipe with a DN 200 tee, & a length of DN 200 pipe before a valve is installed (such as going under a road reserve). This leaves the DN 500 vulnerable if there is a fault in the section under the road.
The extension of this, is, if you have a DN 1,500 pipe with a DN 150 scour, the valve should be as close to the main pipe as possible. You do not want the main pipe supply to be shut down if a long length of DN 150 is damaged in any way. A closely located (to the main pipe) valve will enable the damaged section of DN 150 to be isolated for repair without any impact on the supply from the main pipe.
Another 'empirical rule' that is often used, is that valves are located, such that no more than 5 valves in a reticulation system should be shut off in the event of a burst. More than 5 valves results in a long period (mainly thru' trying to find the valves) before complete isolation of flow into the area of the burst (more consumer complaints about the time to "shut off" & the "waste of water").