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Abstract An optimisation procedure is described which minimises the risk in a system in which various failure modes can occur, by optimally allocating expenditures in a set of investment modes and subject to an overall cost constraint. An example is given, which illustrates that the model is transparent.
Abstract An optimisation procedure is described which minimises the risk in a system in which various failure modes can occur, by optimally allocating expenditures in a set of investment modes and subject to an overall cost constraint. An example is given, which illustrates that the model is transparent.
Risk Balancing Approaches
Elms, D. G. (author)
1992-01-01
10 pages
Article/Chapter (Book)
Electronic Resource
English
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