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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering
Extremes Of Nonlinear Vibration: Comparing Models Based On Moments, L-Moments, And Maximum Entropy, Steven R. Winterstein, Cameron A. Mackenzie
Extremes Of Nonlinear Vibration: Comparing Models Based On Moments, L-Moments, And Maximum Entropy, Steven R. Winterstein, Cameron A. Mackenzie
Cameron A. MacKenzie
Wind and wave loads on offshore structures show nonlinear effects, which require nonGaussian statistical models. Here we critically review the behavior of various nonGaussian models. We first survey moment-based models; in particular, the four-moment “Hermite” model, a cubic transformation often used in wind and wave applications. We then derive an “L-Hermite” model, an alternative cubic transformation calibrated by the response “L-moments” rather than its ordinary statistical moments. These L-moments have recently found increasing use, in part because they show less sensitivity to distribution tails than ordinary moments. We find here, however, that these L-moments may not convey sufficient information to …
Evaluating The Consequences Of An Inland Waterway Port Closure With A Dynamic Multiregional Interdependence Model, Cameron A. Mackenzie, Kash Barker, F. Hank Grant
Evaluating The Consequences Of An Inland Waterway Port Closure With A Dynamic Multiregional Interdependence Model, Cameron A. Mackenzie, Kash Barker, F. Hank Grant
Cameron A. MacKenzie
As intermodal hubs connecting barge, train, and truck transportation modes, inland ports play an important role in U.S. and global commerce. Like coastal ports, inland ports face the risk of malevolent attacks, man-made accidents, and natural disasters. However, most port impact studies focus on the consequences of one of these disruptive events suddenly closing a coastal port. This paper examines the economic impact of suddenly closing an inland port by combining a simulation and a multiregional input-output model. The simulation models how companies may react if an inland waterway port suddenly closes, and the multiregional dynamic inoperability input-output model quantifies …
Book Review On The Failure Of Risk Management: Why It’S Broken And How To Fix It, By Douglas W. Hubbard (2009)., Cameron A. Mackenzie
Book Review On The Failure Of Risk Management: Why It’S Broken And How To Fix It, By Douglas W. Hubbard (2009)., Cameron A. Mackenzie
Cameron A. MacKenzie
The title The Failure of Risk Management seemsto imply that risk management is useless. However,the subtitle Why It’s Broken and How to Fix It provides a better description of Douglas Hubbard’s contribution to the field of risk analysis. Hubbard criticizes several risk management methods currently used by a wide variety of organizations but also presents a convincing argument for why probabilistic risk analysis using Monte Carlo simulation is the best approach.