Risk-Cost Analysis Under Uncertainty for Dredged Material Managementby John Stansbury, Univ of Nebraska, Lincoln, United States,
Istvan Bogardi, Univ of Nebraska, Lincoln, United States,
Y. W. Lee, Univ of Nebraska, Lincoln, United States,
Abstract: Fuzzy Composite Programming is used to conduct a risk-cost trade-off analysis under uncertainty for a simplified dredge material disposal problem. Uncertainties inherent in the components of the risk-cost analysis are characterized as fuzzy numbers and incorporated directly into the trade-off analysis. Consideration of important for multicriteria problems where objectives are in conflict (e.g., risk and cost) in order to avoid inferior solutions.
Subject Headings: Risk management | Dredged materials | Composite materials | Uncertainty principles | Fuzzy sets | Mathematics
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