mean risk
Recently Published Documents


TOTAL DOCUMENTS

153
(FIVE YEARS 43)

H-INDEX

17
(FIVE YEARS 3)

2021 ◽  
pp. 107948
Author(s):  
Liangyu Min ◽  
Jiawei Dong ◽  
Jiangwei Liu ◽  
Xiaomin Gong

2021 ◽  
pp. 1420326X2110303
Author(s):  
Zhiqiang (John) Zhai ◽  
He Li

Infection risk is commonly used to predict potential health impacts of airborne respiratory diseases such as ‘severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)' and associated environment conditions and mitigation measures. The assumption of perfect air-mixing in spaces is widely applied in prediction, which projects a single mean risk of infection in the space. Detailed distribution of infection risk, especially for large spaces such as large lecture hall, indoor stadium and ballroom, will be highly desired for evaluating indoor risks and improvement performance of mitigating strategies. This study developed new formulae for calculating the spatial distribution of infection risk, stemming from the original Wells–Riley model but integrating the spatial distribution of pathogen concentrations. Case studies were presented for two typical large public spaces (i.e. restaurant and ballroom). Distributed infection risks were predicted with and without mitigation measures, upon which critical parameters of portable air cleaners can be optimized. The method can be employed for estimating local infection risks of airborne respiratory diseases using either measured or simulated pathogen concentration.


2021 ◽  
pp. 1-27
Author(s):  
Michel Denuit ◽  
Christian Y. Robert

Abstract Conditional mean risk sharing appears to be effective to distribute total losses amongst participants within an insurance pool. This paper develops analytical results for this allocation rule in the individual risk model with dependence induced by the respective position within a graph. Precisely, losses are modelled by zero-augmented random variables whose joint occurrence distribution and individual claim amount distributions are based on network structures and can be characterised by graphical models. The Ising model is adopted for occurrences and loss amounts obey decomposable graphical models that are specific to each participant. Two graphical structures are thus used: the first one to describe the contagion amongst member units within the insurance pool and the second one to model the spread of losses inside each participating unit. The proposed individual risk model is typically useful for modelling operational risks, catastrophic risks or cybersecurity risks.


Energies ◽  
2021 ◽  
Vol 14 (12) ◽  
pp. 3428
Author(s):  
Amitkumar V. Jha ◽  
Bhargav Appasani ◽  
Abu Nasar Ghazali ◽  
Nicu Bizon

The smart grid (SG), which has revolutionized the power grid, is being further improved by using the burgeoning cyber physical system (CPS) technology. The conceptualization of SG using CPS, which is referred to as the smart grid cyber physical system (SGCPS), has gained a momentum with the synchrophasor measurements. The edifice of the synchrophasor system is its communication network referred to as a synchrophasor communication network (SCN), which is used to communicate the synchrophasor data from the sensors known as phasor measurement units (PMUs) to the control center known as the phasor data concentrator (PDC). However, the SCN is vulnerable to hardware and software failures that introduce risk. Thus, an appropriate risk assessment framework for the SCN is needed to alleviate the risk in the protection and control of the SGCPS. In this direction, a comprehensive risk assessment framework has been proposed in this article for three types of SCNs, namely: dedicated SCN, shared SCN and hybrid SCN in an SGCPS. The proposed framework uses hardware reliability as well as data reliability to evaluate the associated risk. A simplified hardware reliability model has been proposed for each of these networks, based on failure probability to assess risk associated with hardware failures. Furthermore, the packet delivery ratio (PDR) metric is considered for measuring risk associated with data reliability. To mimic practical shared and hybrid SCNs, the risk associated with data reliability is evaluated for different background traffics of 70%, 80% and 95% using 64 Kbps and 300 Kbps PMU data rates. The analytical results are meticulously validated by considering a case study of West Bengal’s (a state in India) power grid. With respect to the case study, different SCNs are designed and simulated using the QualNet network simulator. The simulations are performed for dedicated SCN, shared SCN and hybrid SCN with 64 Kbps and 300 Kbps PMU data rates. The simulation results are comprehensively analyzed for risk hedging of the proposed SCNs with data reliability and hardware reliability. To summarize, the mean risk with data reliability (RwDR) as compared to the mean risk with hardware reliability (RwHR) increases in shared SCN and hybrid SCN by a factor of 17.108 and 23.278, respectively. However, minimum RwDR increases in shared and hybrid SCN by a factor of 16.005 and 17.717, respectively, as compared to the corresponding minimum RwHR. The overall analysis reveals that the RwDR is minimum for dedicated SCN, moderate for shared SCN, and highest for hybrid SCN. 


2021 ◽  
Author(s):  
Gabriela Kováčová ◽  
Birgit Rudloff

When dealing with dynamic optimization problems, time consistency is a desirable property as it allows one to solve the problem efficiently through a backward recursion. The mean-risk problem is known to be time inconsistent when considered in its scalarized form. However, when left in its original bi-objective form, it turns out to satisfy a more general time consistency property that seems better suited to a vector optimization problem. In “Time Consistency of the Mean-Risk Problem,” Kováĉova and Rudloff introduce a set-valued version of the famous Bellman principle and show that the bi-objective mean-risk problem does satisfy it. Then, the upper image, a set that contains the efficient frontier on its boundary, recurses backward in time. Kováĉova and Rudloff present conditions under which this recursion can be exploited directly to compute a solution in the spirit of dynamic programming. This opens the door for a new branch in mathematics: dynamic multivariate programming.


2021 ◽  
Author(s):  
Xuecheng Yin ◽  
İ. Esra Büyüktahtakın ◽  
Bhumi P. Patel

AbstractThis study presents a new risk-averse multi-stage stochastic epidemics-ventilator-logistics compartmental model to address the resource allocation challenges of mitigating COVID-19. This epidemiological logistics model involves the uncertainty of untested asymptomatic infections and incorporates short-term human migration. Disease transmission is also forecasted through a new formulation of transmission rates that evolve over space and time with respect to various non-pharmaceutical interventions, such as wearing masks, social distancing, and lockdown. The proposed multi-stage stochastic model overviews different scenarios on the number of asymptomatic individuals while optimizing the distribution of resources, such as ventilators, to minimize the total expected number of newly infected and deceased people. The Conditional Value at Risk (CVaR) is also incorporated into the multi-stage mean-risk model to allow for a trade-off between the weighted expected loss due to the outbreak and the expected risks associated with experiencing disastrous pandemic scenarios. We apply our multi-stage mean-risk epidemics-ventilator-logistics model to the case of controlling the COVID-19 in highly-impacted counties of New York and New Jersey. We calibrate, validate, and test our model using actual infection, population, and migration data. The results indicate that short-term migration influences the transmission of the disease significantly. The optimal number of ventilators allocated to each region depends on various factors, including the number of initial infections, disease transmission rates, initial ICU capacity, the population of a geographical location, and the availability of ventilator supply. Our data-driven modeling framework can be adapted to study the disease transmission dynamics and logistics of other similar epidemics and pandemics.


2021 ◽  
Vol 10 (3) ◽  
pp. 207-217
Author(s):  
Stacey Dacosta Byfield ◽  
Helen Wei ◽  
Mary DuCharme ◽  
Johnathan M Lancaster

Aim: Healthcare utilization and costs were compared following 25-gene panel (panel) or single syndrome (SS) testing for hereditary breast and ovarian cancer. Materials & methods: Retrospective cohort study of patients unaffected by cancer with panel (n = 6359) or SS (n = 4681) testing for hereditary breast and ovarian cancer (01 January 2014 to 31 December 2016). Groups were determined by test type and result (positive, negative, variant of uncertain significance [VUS]). Results: There were no differences in total unadjusted healthcare costs between the panel (US$14,425) and SS (US$14,384) groups (p = 0.942). Among VUS patients in the panel and SS groups, mean all-cause costs were US$14,404 versus US$20,607 (p = 0.361) and mean risk-reduction/early detection-specific costs were US$718 versus US$679 (p = 0.890), respectively. Adjusted medical costs were not significantly different between panel and SS cohorts. Conclusion: Healthcare utilization and costs were comparable between the SS and panel tests overall and for patients with VUS.


Sign in / Sign up

Export Citation Format

Share Document