Optimal location, capacity and timing of stockpiles for improved hurricane preparedness
Department
Economics, Finance and Quantitative Analysis
Document Type
Article
Publication Date
4-1-2016
Abstract
Applying historical hurricane data to model storm related uncertainty, this paper develops a stochastic optimization model to determine the stockpile location and capacities of medical supplies for improved disaster preparedness in the event of a hurricane. Our models incorporate facility damage and casualty losses, based upon their severity levels and remaining survivability time, as a function of time variant changes in hurricane conditions. To determine the optimal deployment time, we use an optimal stopping time framework to model the trade-offs between increasing costs and reduced uncertainty as the hurricane approaches landfall. Finally, aided by an innovative mixed integer programming model, we develop an evolutionary optimization heuristic that yields time efficient high quality solutions for solving large-scale problems, and we demonstrate the applicability of the approach via illustrative numeric examples.
Journal Title
International Journal of Production Economics
Journal ISSN
0925-5273
Volume
174
First Page
11
Last Page
28
Digital Object Identifier (DOI)
10.1016/j.ijpe.2016.01.006