A network-based model for transporting extremely hazardous materials

A network-based model for transporting extremely hazardous materials

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Article ID: iaor1994660
Country: Netherlands
Volume: 13
Issue: 2
Start Page Number: 85
End Page Number: 93
Publication Date: Mar 1993
Journal: Operations Research Letters
Authors: , ,
Keywords: risk, probability, networks
Abstract:

While routing those hazardous materials that can be catastrophic when involved in an accident, it sometimes can make more sense to minimize the risk given the occurrence of an accident, rather than the a priori risk. In this paper, the authors consider the concept of conditional risk, and propose two solution procedures. A model that minimizes the conditional risk, keeping the accident probability within a set threshold is also presented.

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