In this paper, we present a novel quantitative analysis for the strategic planning decision problem of allocating certain available prevention and protection resources to, respectively, reduce the failure probabilities of system safety measures and the total expected loss from a sequence of...

The methodology presented here solves an R&D program portfolio selection problem that arises in critical infrastructure protection and similar security risk reduction problems. It requires priorities to be assigned to the risks, existing risk levels to be assessed, and the effectiveness of...

Although computer simulation can be used to determine the distribution of the product of two triangularly distributed variables for a specific application, a closed-form expression is preferable in general. Assuming independence, the closed-form probability density function of this product is...

When products are sold by multiple vendors in various locations, the purchaser must decide what to order from each vendor and where to send it. To solve this decision problem, a novel optimization model is developed and applied to a situation involving the nationwide wholesale distribution of...