Transportation risk analysis using probabilistic model checking

Transportation and supply chain activities represent essential components in many endeavors covering both public and private domains. However, the underlying transport networks are complex and potentially fragile due to weather, natural disasters or other risk factors. Thus, assessing transportation related risk represents a key decision support capability along with the ability to evaluate contingency options for risk mitigation. In this paper, we address these issues by adopting probabilistic model checking to evaluate the risk and contingency options related to transportation tasks. In this pursuit, risk related properties are assessed for behavioral models capturing the transport system. Moreover, we show the usefulness of constructing decision trees that can provide insightful means of risk appraisal. The proposed approach can help decision makers evaluate contingency options and determine lower and upper cost bounds for risky transportation tasks such as those involved in humanitarian aid provision. The proposed approach is also illustrated with a case study. 2015 Elsevier Ltd. All rights reserved.