This paper provides a novel practical method for analyzing an anti-seismic reinforcement (ASR) problem involving hundreds of transportation facilities on an urban road network subject to multiple earthquake risks. The relevant properties of the present method are: (i) it evaluates the...

Local search algorithms for combinatorial optimization problems are in general of pseudopolynomial running time and polynomial-time algorithms are often not known for finding locally optimal solutions for NP-hard optimization problems. We introduce the concept of epsilon-local optimality and...

The authors demonstrated in earlier papers that a maximal predictability portfolio (MPP) using a dynamic strategy leads to a significantly better ex-post performance than the one based on a static strategy and the index. In this paper, we will consider a maximal predictability portfolio subject...