2020
DOI: 10.1111/mice.12637
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Methodology for analyzing the trade‐offs associated with multi‐objective optimization in transportation asset management under uncertainty

Abstract: Trade‐off analysis, one of the key tenets of multi‐objective optimization for the project selection problem in Transportation Asset Management (TAM), can help decision‐makers quantify and comprehend the consequences of different resource allocations in terms of the multiple measures of system performance. In analyzing TAM trade‐offs, it is vital to account duly for the uncertainties associated with these system‐wide performance measures. In this paper, we present a methodology that integrates chance‐constraint… Show more

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Cited by 19 publications
(14 citation statements)
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“…e impacts of COVID-19 on the transportation industry also affect economic development. ere typically exists some relationship between transportation and economic development [39]. To analyze the impacts of the pandemic on traffic in different regions, a K-means cluster analysis based on the attributes of regions was conducted.…”
Section: Impacts On Traffic In Differentmentioning
confidence: 99%
“…e impacts of COVID-19 on the transportation industry also affect economic development. ere typically exists some relationship between transportation and economic development [39]. To analyze the impacts of the pandemic on traffic in different regions, a K-means cluster analysis based on the attributes of regions was conducted.…”
Section: Impacts On Traffic In Differentmentioning
confidence: 99%
“…Study [4] draws attention to the problem of overspending of road agencies for the maintenance of highways, especially taking into consideration the need for a higher level of traffic comfort and the problem of underfunding of this sector. However, the cited study does not specify how the term of the contract affects overruns and how to optimize the cost in order to avoid overspending.…”
Section: Literature Review and Problem Statementmentioning
confidence: 99%
“…Somebody's analysis of scientific research [1][2][3][4][5][6] reveals insufficient validity of mechanisms for managing the cost and time of road maintenance projects.…”
Section: Literature Review and Problem Statementmentioning
confidence: 99%
“…For this reason, the program, an NP‐hard model (Bazaraa et al., 2013), is considered extremely difficult to solve. This study adopted the NSGA‐II (Bai et al., 2021; Deb et al., 2002), a type of evolutionary optimization search technique, to solve the upper‐level model. NSGA‐II has been applied extensively to solve MINLPs and bi‐level programs (Alavidoost et al., 2018; Hosseininasab & Shetab‐Boushehri, 2015; Hosseininasab et al., 2018; Sarma & Adeli, 2001).…”
Section: Solution Approachmentioning
confidence: 99%