Title
Optimal allocation of safety and security resources Optimal allocation of safety and security resources
Author
Faculty/Department
Faculty of Applied Economics
Publication type
conferenceObject
Publication
Milano :Aidic servizi srl ,
Subject
Economics
Chemistry
Source (journal)
Chemical engineering transactions
Volume/pages
31(2013) , p. 397-402
ISSN
1974-9791
ISBN
978-88-95608-22-8
ISI
000335566700067
Carrier
E
Target language
English (eng)
Full text (Publishers DOI)
Affiliation
University of Antwerp
Abstract
A model was developed to execute a cost-efficiency analysis for taking prevention investment decisions. Using the knapsack problem solving technique well-known in the field of operational research, the approach suggests how to prioritize bundles of prevention measures based on their costs and benefits within a predefined prevention budget. This way, an efficient allocation of safety and security measures is achieved using the suggested methodology.
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