A Markov Decision Process Approach for Cost-Benefit Analysis of Infrastructure Resilience Upgrades

2020 ◽  
Author(s):  
Qianru Zhu ◽  
Benjamin D. Leibowicz
Author(s):  
Sherry D. Ryan ◽  
Michael S. Gates

Researchers have attempted to augment the traditional cost/benefit analysis model used in the IT decision process. However, frequently social subsystem issues are inadequately considered. Survey data, collected from a U.S. sample of 200 executives, provides an empirical assessment of how these issues compare with other IT decision criteria given differing decision types. The social subsystem issues considered most important by decision makers are also identified and the manner by which they consider these issues is investigated.


2020 ◽  
Vol 6 (1) ◽  
pp. 145-158 ◽  
Author(s):  
Xun Zhou ◽  
Huigui Rong ◽  
Chang Yang ◽  
Qun Zhang ◽  
Amin Vahedian Khezerlou ◽  
...  

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