Diversification Methods for Infrastructure Systems Optimization: Application to Risk-Based Transportation Planning

by Nilesh Joshi

This book provides diversification-based methodologies to analyze and optimize large-scale infrastructure systems investments. It classifies and explores several metrics of diversification and integrates them with other performance objectives in a multiobjective combinatorial optimization. Additionally, the book tests the diversification metrics and the related methodologies in a case study of hundreds of millions of dollars of transportation infrastructure investments. The book shows that integrating the metrics of diversification can be useful to refine among the Pareto-optimal solutions generated using a traditional multiobjective optimization that has not considered diversification. The results suggest that the solutions that consider diversification may be more robust to emergent programmatic and technical risks, thus, identifying an opportunity to incorporate diversification-based methodologies to support a variety of problems involving infrastructure investments. The book will be of interest to decision-makers and practicing risk analysts involved in engineering, infrastructure, security, environmental protection, economics, and related topics.

148 pages, Paperback

Published December 16, 2009

About the author

I am a writer by passion and a corporate professional by vocation. More importantly I am a traveler and a seeker who is trying to make sense of this life. I am passionate about art & poetry besides my love for traveling and seeking experiences. Whenever I am not at work or writing, I like to spend quality time with family and my cats. I at times love to cook and experiment with new dishes , if my wife is kind enough to allow me into the kitchen.