A hierarchical-multiobjective framework for risk management

✍ Scribed by Yacov Y. Haimes; Duan Li

• Publisher: Elsevier Science
• Year: 1991
• Tongue: English
• Weight: 711 KB
• Volume: 27
• Category: Article
• ISSN: 0005-1098
• DOI: 10.1016/0005-1098(91)90120-q

✦ Synopsis

Such a framework incorporates the hierarchical nature of the decision-making process; the multiple decision-makers at the various levels of the system's hierarchy; the multiobjective nature of large-scale systems; and the quantitative/empirical and the qualitative/normative/judgmental aspects. Three major topics dominate the methodological components of the paper: hierarchical-multiobjective coordination, risk of extreme events and impact analysis. Various application problems are used as a vehicle to communicate the methodological framework with the readers.