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We consider a problem that arises in disaster-related strategic planning: investing in the links of a stochastic network to improve its expected post-disaster performance. We are given a network whose links are subject to random failures, where the failure probability of a link is reduced by...
Persistent link: https://www.econbiz.de/10005739807
We consider a network whose links are subject to independent, random failures due to a disruptive event. The survival probability of a link is increased, if it is strengthened by investment. A given budget is to be allocated among the links with the objective of optimizing the post-event...
Persistent link: https://www.econbiz.de/10005835352