Optimal allocation of risk-reduction resources in event trees

DOI10.1287/MNSC.1070.0844MaRDI QIDQ3117724zbMATH OpenOpenAlexFDO

Authors Hanif D. Sherali, Jitamitra Desai, Theodore S. Glickman

Publication date 29 February 2012

Published in Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/mnsc.1070.0844

zbMATH Keywords

\texttt{BARON v7.5 }event treesglobal optimizationrisk managementrisk reductionsystem safety

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Polyhedral combinatorics, branch-and-bound, branch-and-cut (90C57)

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Cited in

(8)

• Solving a bi-objective unmanned aircraft system location-allocation problem
• A multi-objective optimization approach for selecting risk response actions: considering environmental and secondary risks
• The nested event tree model with application to combating terrorism
• Selecting optimal alternatives and risk reduction strategies in decision trees
• Using hazard networks to determine risk reduction strategies
• Make improvements and optimal allocation of budget in order to increase safety of the Shiraz-Abadeh road
• Risk response budget allocation based on fault tree analysis and optimization
• A robust optimization model for R\&D project portfolio risk response decision-making considering risk interaction and regret perception

Describes a project that uses

Uses Software

• BARON

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