Risk-Cost Analysis Under Uncertainty for Dredged Material Management

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by 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,

Document Type: Proceeding Paper

Part of: Water Resources Planning and Management and Urban Water Resources:

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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