Optimal Allocation of Safety and Security Resources
Reniers, G.
Sorensen, K.
Download PDF

How to Cite

Reniers G., Sorensen K., 2013, Optimal Allocation of Safety and Security Resources, Chemical Engineering Transactions, 31, 397-402.
Download PDF

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.
Download PDF