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Risk‐based multiobjective resource allocation in hierarchical systems with multiple decisionmakers. Part II. A case study

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  • Zhenyu Yan
  • Yacov Y. Haimes

Abstract

This paper demonstrates an application of the Multiobjective Multi‐decisionmaker Resource Allocation (MOMDRA) risk management framework proposed in Part I. A case study of a pumping system, which is a critical component of the hurricane protection system, in the greater New Orleans area during the Katrina event, is discussed. Based on the MOMDRA methodology, the case study models how pumping capacity might be allocated during the initial construction or subsequent enhancement of a pumping system as a multiobjective resource allocation process for managing hurricane risks. Pareto optimal risk management alternatives are generated, and tradeoff analyses are performed across different levels of decisionmakers. The case study demonstrates the applicability and effectiveness of the MOMDRA methodology in risk‐based modeling and management of real‐world large‐scale systems. © 2010 Wiley Periodicals, Inc. Syst Eng 14: 17–28, 2011

Suggested Citation

  • Zhenyu Yan & Yacov Y. Haimes, 2011. "Risk‐based multiobjective resource allocation in hierarchical systems with multiple decisionmakers. Part II. A case study," Systems Engineering, John Wiley & Sons, vol. 14(1), pages 17-28, March.
    • Handle: RePEc:wly:syseng:v:14:y:2011:i:1:p:17-28
    DOI: 10.1002/sys.20160
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    Cited by:

    1. Dengsheng Wu & Xiaoqian Zhu & Jie Wan & Chunbing Bao & Jianping Li, 2019. "A Multiobjective Optimization Approach for Selecting Risk Response Strategies of Software Project: From the Perspective of Risk Correlations," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 339-364, January.

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