2014
DOI: 10.1007/s10479-014-1696-1
|View full text |Cite
|
Sign up to set email alerts
|

Static and dynamic resource allocation models for recovery of interdependent systems: application to the Deepwater Horizon oil spill

Abstract: Determining where and when to invest resources during and after a disruption can challenge policy makers and homeland security officials. Two decision models, one static and one dynamic, are proposed to determine the optimal resource allocation to facilitate the recovery of impacted industries after a disruption where the objective is to minimize the production losses due to the disruption. This paper presents conditions for optimality for each model as a function of model parameters as well as an algorithm to… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
2
1
1
1

Citation Types

0
14
0

Year Published

2014
2014
2021
2021

Publication Types

Select...
5
4

Relationship

3
6

Authors

Journals

citations
Cited by 22 publications
(16 citation statements)
references
References 49 publications
0
14
0
Order By: Relevance
“…These disruptions can be oil shortages, oil spills, or disruptions in oil terminals. The Deepwater Horizon oil spill in the Gulf of Mexico in 2010 may have led to production losses in the Gulf region between $11 billion and $12 billion [45]. A 2.5% reduction in oil production for a year could cost $3 billion in the United States, and a 40% reduction in rare earth metals could cost over $50 million [46].…”
Section: Other Disruptionsmentioning
confidence: 99%
“…These disruptions can be oil shortages, oil spills, or disruptions in oil terminals. The Deepwater Horizon oil spill in the Gulf of Mexico in 2010 may have led to production losses in the Gulf region between $11 billion and $12 billion [45]. A 2.5% reduction in oil production for a year could cost $3 billion in the United States, and a 40% reduction in rare earth metals could cost over $50 million [46].…”
Section: Other Disruptionsmentioning
confidence: 99%
“…The IIM and its extensions, included among the top 10 contributions to risk analysis from 1980 to 2010, (38) have been found in a number of risk-related applications, including inventory decision making, (39,40) transportation closures, (41,42) workforce disruptions, (43,44) and electric power outages, (45,46) among others.…”
Section: Model Of Interdependent Behaviormentioning
confidence: 99%
“…Some studies have been conducted to address optimal resource allocation in post-disaster recovery scenarios of infrastructure systems. With the objective of minimizing the direct impacts from a disruption and the sum of the direct and indirect impacts, Mackenzie et al [15] proposed and compared two different decision models to determine optimal resource allocation to assist the recovery of disrupted infrastructure systems. To minimize the overall losses resulting from a disaster, Mackenzie et al [16] developed a static model and a dynamic decision model to facilitate the recovery of infrastructure systems.…”
Section: Introductionmentioning
confidence: 99%
“…With the objective of minimizing the direct impacts from a disruption and the sum of the direct and indirect impacts, Mackenzie et al [15] proposed and compared two different decision models to determine optimal resource allocation to assist the recovery of disrupted infrastructure systems. To minimize the overall losses resulting from a disaster, Mackenzie et al [16] developed a static model and a dynamic decision model to facilitate the recovery of infrastructure systems. Through a vulnerability analysis, Zhang et al [17] developed a resource allocation model to quickly restore critical components in interdependent infrastructure systems after a disruptive event.…”
Section: Introductionmentioning
confidence: 99%