Operations Research, Systems Engineering and Industrial Engineering Commons^™

Cost-Risk Analysis Of The Ercot Region Using Modern Portfolio Theory, Megan Sickinger

Master's Theses

In this work, we study the use of modern portfolio theory in a cost-risk analysis of the Electric Reliability Council of Texas (ERCOT). Based upon the risk-return concepts of modern portfolio theory, we develop an n-asset minimization problem to create a risk-cost frontier of portfolios of technologies within the ERCOT electricity region. The levelized cost of electricity for each technology in the region is a step in evaluating the expected cost of the portfolio, and the historical data of cost factors estimate the variance of cost for each technology. In addition, there are several constraints in our minimization problem to …

Optimization Of Vaccine Supply Chains In Low- And Middle-Income Countries Utilizing Drones, Maximilian Kolter

Graduate Theses and Dissertations

Despite tremendous efforts from governments and humanitarian organizations, millions of children in low- and low-middle-income countries (LICs and LMICs) are still excluded from the benefits of immunization. The vaccine distribution in LICs and LMICs is challenging for several reasons, such as limited cold chain capacities, vaccine wastage, uncertain demand, and lack of access to immunization services. A promising avenue to address these issues is the utilization of drones for vaccine delivery. Drones can fly at high speed on direct paths and could enable on-demand deliveries to mitigate limited storage capacities. Further, their independence of road networks could allow them reaching …

Influence Of The Inherent Safety Principles On Quantitative Risk In Process Industry: Application Of Genetic Algorithm Process Optimization (Gapo), Mehdi Jahangiri, Abolfazl Moghadasi, Mojtaba Kamalinia, Farid Sadeghianjahromi, Sean Banaee

Community & Environmental Health Faculty Publications

Inherent safety (IS) refers to a set of measures that enhance the safety level of processes and equipment, rendering additional equipment and/or add-ons. The early design phase of processes is suited best for implementation of IS strategies as some of such strategies either are impossible to be implemented at the operation phase or substantially increase costs. The purpose of this study is to present a new approach called genetic algorithm process optimization (GAPO), by which processes can be made inherently safer even at the operation phase. This study simulates the IS principle, assessing its impact on quantitative risk and the …

Robust Allocation Of Funds For Nonstructural Flood Risk Mitigation In Coastal Louisiana, Simón Gómez Sierra, David R. Johnson, Matthew P. Shisler, Zachariah T. Richardson

The Summer Undergraduate Research Fellowship (SURF) Symposium

Coastal Louisiana is a critical economic, ecological and cultural asset, acting as a major hub for waterborne commerce, fisheries, and the petrochemical industry, and also as one of the world’s unique wetlands. Unfortunately, this rich environment is in great danger from the threat of hurricanes and storm surge flooding. Direct economic losses are estimated to average $2.7 billion per year under current conditions, and this could increase to $12 billion a year, or more, within 50 years if nothing is done. To prevent this catastrophe, Louisiana has developed a Comprehensive Master Plan for a Sustainable Coast, which plans to spend …

Flight Risk Management And Crew Reserve Optimization, Ying Zhang

Doctoral Dissertations

There are two key concerns in the development process of aviation. One is safety, and the other is cost. An airline running with high safety and low cost must be the most competitive one in the market. This work investigates two research efforts respectively relevant to these two concerns.

When building support of a real time Flight Risk Assessment and Mitigation System (FRAMS), a sequential multi-stage approach is developed. The whole risk management process is considered in order to improve the safety of each flight by integrating AHP and FTA technique to describe the framework of all levels of risks …

Developing An Optimal Model For Infant Home Visitation, Isaac Atuahene

Doctoral Dissertations

The United States, Great Britain, Denmark, Canada and many other countries have accepted home visitation (HV) as a promising strategy for interventions for infants after births and for their mothers. Prior HV studies have focused on theoretical foundations, evaluations of programs, cost/benefit analysis and cost estimation by using hospital/payer/insurance data to prove its effectiveness and high cost. As governments and private organizations continue to fund HVs, it is an opportune time to develop and formulate operations research (OR) models of HV coverage, quality and cost so they might be used in program implementation as done for adult home healthcare (HHC) …