@article{ref1,
title="Stochastic optimization for investment in facilities in emergency prevention",
journal="Transportation research part E: logistics and transportation review",
year="2016",
author="Hu, Shao-Long and Han, Chuan-Feng and Meng, Ling-Peng",
volume="89",
number="",
pages="14-31",
abstract="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.<p /> <p>Language: en</p>",
language="en",
issn="1366-5545",
doi="10.1016/j.tre.2016.02.006",
url="http://dx.doi.org/10.1016/j.tre.2016.02.006"
}