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Please use this identifier to cite or link to this item: https://doi.org/10.1109/ICMIT.2010.5492902
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dc.titleA risk management-based decision model for a type of dynamic multi-state systems with application on maritime transportation
dc.contributor.authorXiao, H.
dc.contributor.authorRoohi, Sh.F.
dc.contributor.authorNg, K.M.
dc.contributor.authorHabibullah, M.S.
dc.date.accessioned2014-06-19T04:52:50Z
dc.date.available2014-06-19T04:52:50Z
dc.date.issued2010
dc.identifier.citationXiao, H.,Roohi, Sh.F.,Ng, K.M.,Habibullah, M.S. (2010). A risk management-based decision model for a type of dynamic multi-state systems with application on maritime transportation. 5th IEEE International Conference on Management of Innovation and Technology, ICMIT2010 : 1136-1141. ScholarBank@NUS Repository. <a href="https://doi.org/10.1109/ICMIT.2010.5492902" target="_blank">https://doi.org/10.1109/ICMIT.2010.5492902</a>
dc.identifier.isbn9781424465675
dc.identifier.urihttp://scholarbank.nus.edu.sg/handle/10635/72253
dc.description.abstractIn this paper, a framework for risk analysis of dynamic multi-state weighted k-out-of-n systems is presented by combining Markov process and Universal Generating Function. The uncertainties in the system demand were considered and optimal management decision is made based on achieved risk and system cost. The use of this approach is illustrated on a case of maritime transportation, which generated promising results on system availability and optimal design. © 2010 IEEE.
dc.description.urihttp://libproxy1.nus.edu.sg/login?url=http://dx.doi.org/10.1109/ICMIT.2010.5492902
dc.sourceScopus
dc.subjectAvailability
dc.subjectMaritime transportation system
dc.subjectMarkov process
dc.subjectMulti-state weighted k-out-of-n system
dc.subjectRisk management
dc.subjectUniversal Generating Function
dc.typeConference Paper
dc.contributor.departmentINDUSTRIAL & SYSTEMS ENGINEERING
dc.description.doi10.1109/ICMIT.2010.5492902
dc.description.sourcetitle5th IEEE International Conference on Management of Innovation and Technology, ICMIT2010
dc.description.page1136-1141
dc.identifier.isiutNOT_IN_WOS
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