Design Vessel Selection of Maritime Bridges using Collision Risk Allocation Model

2006 ◽  
Vol 92 (15) ◽  
pp. 1-9
Author(s):  
Seonglo Lee ◽  
G.H. Lee ◽  
W.S. Lee
Keyword(s):  
Risk Allocation ◽  
Collision Risk ◽  
Allocation Model ◽  
Selection Of

MODELING CONTRACT PRACTICES RESULTING IN RISK MISALLOCATION

2019 ◽  
Vol 6 (1) ◽  
Author(s):  
Chipozya Tembo-Silungwe
Keyword(s):  
Risk Management ◽  
Literature Review ◽  
Risk Mitigation ◽  
Project Managers ◽  
Risk Allocation ◽  
Structured Interviews ◽  
Building Sector ◽  
Advance Knowledge ◽  
Selection Of

Risk misallocation has been a topic of discussion in the extent literature for some time now. The literature points out that risk management is the key to ensuring that optimal risk allocation is achieved. While the focus on risk allocation has been about the party best suited to carry a given risk, the issue of how misallocation occurs is rarely dealt with. This paper modeled how risk misallocation can result from contract practice. This was done through a literature review and 15 purposive heterogeneous semi-structured interviews conducted with clients, project managers, architects, engineers and quantity surveyors in the Zambian building sector. The derived model suggests that misallocation could result from inappropriate selection of risk mitigation mechanisms provided for in the contract, poor selection of contracts and use of inappropriate procurement routes. These findings advance knowledge that necessitates the allocation of risk appropriately as the areas of contract practice and risk management are rarely researched with regards to risk misallocation.

Revenue guarantee in public-private partnerships: a fair risk allocation model

2014 ◽  
Vol 32 (4) ◽  
pp. 403-415 ◽  
Author(s):  
Nunzia Carbonara ◽  
Nicola Costantino ◽  
Roberta Pellegrino
Keyword(s):  
Public Private Partnerships ◽  
Risk Allocation ◽  
Allocation Model

12. Discharge by frustration: subsequent impossibility

2021 ◽  
pp. 599-627
Author(s):  
Robert Merkin ◽  
Séverine Saintier
Keyword(s):  
Theoretical Basis ◽  
Case Law ◽  
Contract Law ◽  
Law Reform ◽  
Risk Allocation ◽  
Force Majeure ◽  
The Subject ◽  
Contractual Obligations ◽  
Contractual Risk ◽  
Selection Of

Poole’s Casebook on Contract Law provides a comprehensive selection of case law that addresses all aspects of the subject encountered on undergraduate courses. Without the fault of either party, a contract may be automatically discharged due to frustration that renders further performance of the contract impossible, illegal, or radically different from what was originally conceived. In this case, the parties will be excused further performance of their contractual obligations. However, the frustration doctrine applies only where there is no express provision in the contract (a force majeure clause) allocating the risk. This chapter, which examines the frustration doctrine and discharge for subsequent impossibility, first considers the contractual risk allocation before turning to the theoretical basis for the doctrine of frustration. It then discusses limitations on the operation of the frustration doctrine before examining the effects of frustration and the effects on the parties’ positions of the Law Reform (Frustrated Contracts) Act 1943.

Developing a Fuzzy Risk Allocation Model for PPP Projects in China

2010 ◽  
Vol 136 (8) ◽  
pp. 894-903 ◽  
Author(s):  
Yelin Xu ◽  
Albert P. C. Chan ◽  
John F. Y. Yeung
Keyword(s):  
Risk Allocation ◽  
Allocation Model

scholarly journals A Task Allocation Model for a Team of Aircraft Launching on the Carrier

2018 ◽  
Vol 2018 ◽  
pp. 1-12 ◽  
Author(s):  
Jiapeng Cui ◽  
Yu Wu ◽  
Xichao Su ◽  
Jingyu Song
Keyword(s):  
Task Allocation ◽  
Allocation Problem ◽  
Brute Force ◽  
Collision Risk ◽  
Sequence Determination ◽  
Aircraft Carrier ◽  
Allocation Model ◽  
Allocation Process ◽  
Brute Force Approach ◽  
Balancing Efficiency

High level efficiency and safety are of paramount importance for the improvement of fighting capability of an aircraft carrier. The task allocation problem for a team of aircraft launching on the carrier is studied in this paper. Although the study of this problem is of great significance, no relevant literature has been found on this issue. Firstly, the conceptual model of problem is formulated with the planning objectives and the constraints defined. Then the multi-aircraft and multi-catapult launching task allocation problem is decomposed into two consecutive sub-tasks, that is, catapult allocation and the launching sequence determination. The taxi time of aircraft is considered during the catapult allocation process, and the launching position of each aircraft is determined using a decision-making method. In the launching sequence determination step, the starting collision risk of aircraft is introduced to optimize the launching sequence which results in the minimum collision risk on each catapult. Thirdly, the proposed method is validated using the setups of the Nimitz-class aircraft carrier. The proposed method is used to solve the task allocation problem and is compared to the artificial heuristics approach and the brute force approach. Experiment results demonstrate that the proposed method has better performance than the artificial heuristics approach and has better performance than the brute force approach in balancing efficiency and safety.

scholarly journals Risk Allocation Model For Cisumdawu Toll Road Projects

2021 ◽  
Vol 1071 (1) ◽  
pp. 012008
Author(s):  
D Setiawan ◽  
R Milyardi ◽  
T L Ing ◽  
C Rizkiana
Keyword(s):  
Risk Allocation ◽  
Allocation Model ◽  
Toll Road ◽  
Road Projects

scholarly journals Research on site selection of electric vehicle swap station based on actual data

2021 ◽  
Vol 271 ◽  
pp. 01009
Author(s):  
Qin Ge ◽  
Huan He
Keyword(s):  
Sensitivity Analysis ◽  
Electric Vehicle ◽  
Electric Vehicles ◽  
Site Selection ◽  
Grid Method ◽  
Allocation Model ◽  
Location Allocation ◽  
Candidate Site ◽  
Power Exchange ◽  
Selection Of

In order to facilitate users to switch batteries, starting from the trajectory of electric vehicles, rationally arrange the location of electric vehicle switch stations. First, determine the service radius of the swap station from the consideration of the driver's driving preference, the service target of the swap station and the cruising range of electric vehicles; secondly, use the grid method to divide the Jinjiang District into 42 sub-regions. Through the analysis of massive driving data, combined with power exchange demand and median center theory, the candidate site for the power exchange station in Jinjiang District was initially selected. Finally, the location allocation model is used to select the distribution of the replacement stations when the number of stations is the smallest and the coverage is the largest, and sensitivity analysis is carried out. The conclusion shows that: when the service radius is 3.03km, 12 substations can meet 93.21% of the points.

scholarly journals Principal-Agent Theory Based Risk Allocation Model for Virtual Enterprise

2010 ◽  
Vol 03 (02) ◽  
pp. 241-249 ◽  
Author(s):  
Min Huang ◽  
Guike Chen ◽  
Wai-Ki Ching ◽  
Tak Kuen Siu
Keyword(s):  
Virtual Enterprise ◽  
Principal Agent ◽  
Risk Allocation ◽  
Allocation Model ◽  
Principal Agent Theory ◽  
Agent Theory
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