Stochastic optimization for investment in facilities in emergency prevention
A coordinated approach is developed to integrate three preventive measures (i.e. building reinforcement, reinforcement of road networks, and facility location of relief supplies), with the objectives of minimizing budgets and risk-induced penalties. The Conditional Value-at-Risk is employed as a decision-making tool to evaluate diverse decisions of prevention based on the degree of risk aversion. Based on a real-world case of an earthquake, a series of scenarios were designed, and the applicability of the proposed model was studied. The coordinated approach for investing preventive measures is cost-efficient in helping reduce the impact of disaster on society.
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Availability:
- Find a library where document is available. Order URL: http://worldcat.org/issn/13665545
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Supplemental Notes:
- Abstract reprinted with permission of Elsevier.
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Authors:
- Hu, Shao-Long
- Han, Chuan-Feng
- Meng, Ling-Peng
- Publication Date: 2016-5
Language
- English
Media Info
- Media Type: Web
- Features: Appendices; Figures; References; Tables;
- Pagination: pp 14-31
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Serial:
- Transportation Research Part E: Logistics and Transportation Review
- Volume: 89
- Publisher: Elsevier
- ISSN: 1366-5545
- Serial URL: http://www.sciencedirect.com/science/journal/13665545
Subject/Index Terms
- TRT Terms: Disaster preparedness; Emergency management; Facilities; Investments; Logistics; Optimization; Prevention; Risk management; Stochastic programming
- Subject Areas: Freight Transportation; Planning and Forecasting; Security and Emergencies; Terminals and Facilities;
Filing Info
- Accession Number: 01599426
- Record Type: Publication
- Files: TRIS
- Created Date: May 20 2016 3:52PM