Allocation of construction risks between clients and their contractors has a significant impact on the total construction costs. This paper presents a system dynamics (SD)-based approach for quantitative risk allocation. Using the proposed SD based approach, all the factors affecting the risk allocation process are modeled. The contractor’s defensive strategies against the one-sided risk alloca...

the task of optimally assigning military ordinance to enemy targets, often termed weapon target allocation (wta) problem, has become a major focus of modern military thought where a cost effective allocation is required without degrading the required kill performance. the paper presents three main weapon allocation techniques namely uniform weapon allocation, first-in-first weapon allocation an...

this paper addresses the mixed integer reliability redundancy allocation problems to determine simultaneous allocation of optimal reliability and redundancy level of components based on three objective goals. system engineering principles suggest that the best design is the design that maximizes the system operational effectiveness and at the same time minimizes the total cost of ownership (tco...

reactive power management plays an essential role in the secure operation of the power system as an ancillary service. although in electricity markets, the particular attention is paid to active power, the reactive power also plays an important on total generation costs of electricity. on the other hand, as it is mainly confined to local consumption, to avoid market power and maintain the secur...

The efficient and economic allocation of resources is one main goal in the field of production planning and control. Nowadays, a new variable gains in importance throughout the planning process: Energy. Energy-efficiency has already been widely discussed in literature, but with a strong focus on reducing the overall amount of energy used in production. This paper provides a brief systematic app...

BACKGROUND Decreasing hospital length of stay, and so freeing up hospital beds, represents an important cost saving which is often used in economic evaluations. The savings need to be accurately quantified in order to make optimal health care resource allocation decisions. Traditionally the accounting cost of a bed is used. We argue instead that the economic cost of a bed day is the better valu...