In this paper, we present a novel quantitative analysis for the strategic planning decision problem of allocating certain available prevention and protection resources to, respectively, reduce the failure probabilities of system safety measures and the total expected loss from a sequence of...

This paper develops an algorithm for optimally locating Automatic Vehicle Identification tag readers by maximizing the benefit that would accrue from measuring travel times on a transportation network. The problem is formulated as a quadratic 0-1 optimization problem where the objective function...