Worst-Case Conditional Value-at-Risk Minimization for Hazardous Materials Transportation
نویسندگان
چکیده
منابع مشابه
Worst-Case Conditional Value-at-Risk Minimization for Hazardous Materials Transportation
Despite significant advances in risk management, routing hazardous materials (hazmat) has relied on relatively simpler methods. In this paper, we formally introduce an advanced risk measure, called conditional valueat-risk (CVaR), applied to truck routing problems for hazmat transportation. We find that CVaR offers a flexible, risk-averse, and computationally tractable routing method that is ad...
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Due to catastrophic consequences of accidents by hazardous materials (hazmat) transportation, a risk-averse approach for routing is appropriate for risk mitigation. In this paper, we consider spectral risk measures, which are coherent and more general than existing approaches such as conditional value-at-risk. In spectral risk measures, one can define the spectrum function precisely to reflect ...
متن کاملRisk Assessment for Hazardous Materials Transportation
The assessment of hazardous materials (HazMats) transport risk assumes a fundamental importance, especially in urban areas, in order to identify possible alternative routes and choose among these the route of minimum risk.It is necessary to appropriately integrate risk analysis with planning and transport management to prevent a potential danger being transformed into a real event.In the presen...
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ژورنال
عنوان ژورنال: Transportation Science
سال: 2016
ISSN: 0041-1655,1526-5447
DOI: 10.1287/trsc.2015.0639