Assessing oil spill risk in port tanker operations using a multiattribute utility approach to ranking and selection

Authors:
John C. Butler;Jason R. W. Merrick;Douglas J. Morrice
Affiliations:
The University of Texas at Austin, Austin, TX;Virginia Commonwealth University, Richmond, VA;The University of Texas at Austin, Austin, Texas
Venue:
Proceedings of the Winter Simulation Conference
Year:
2011

Citing 5
Cited 0

The Prince William Sound Risk Assessment

Interfaces
New Two-Stage and Sequential Procedures for Selecting the Best Simulated System

Operations Research
A Multiple Attribute Utility Theory Approach to Ranking and Selection

Management Science
Multiattribute Preference Analysis with Performance Targets

Operations Research
Ranking and selection with multiple "targets"

Proceedings of the 38th conference on Winter simulation

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Abstract

In this paper we apply multiattribute ranking and selection to the management of a port facility in the environmentally sensitive Prince William Sound area of Alaska. The approach allows tradeoffs between the disparate performance measures associated with the operation of the port and non-linear scoring of the attributes, including the notion of satisfying a target level of performance. The example considered is based on real data from a risk analysis of the port that has been simplified for ease of exposition, but the methods employed generalize to situations with real data and larger number of performance measures.