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Value-at-Risk and Conditional Value-at-Risk Minimization for Hazardous Materials Routing

In: Handbook of OR/MS Models in Hazardous Materials Transportation

Author

Listed:
  • Iakovos Toumazis

    (University at Buffalo, The State University of New York)

  • Changhyun Kwon

    (University at Buffalo, The State University of New York)

  • Rajan Batta

    (University at Buffalo, The State University of New York)

Abstract

This chapter provides fundamentals of value-at-risk and conditional value-at-risk models applied to routing problems in hazardous materials transportation.

Suggested Citation

  • Iakovos Toumazis & Changhyun Kwon & Rajan Batta, 2013. "Value-at-Risk and Conditional Value-at-Risk Minimization for Hazardous Materials Routing," International Series in Operations Research & Management Science, in: Rajan Batta & Changhyun Kwon (ed.), Handbook of OR/MS Models in Hazardous Materials Transportation, edition 127, pages 127-154, Springer.
    • Handle: RePEc:spr:isochp:978-1-4614-6794-6_5
    DOI: 10.1007/978-1-4614-6794-6_5
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    Citations

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    Cited by:

    1. Paul Berglund & Changhyun Kwon, 2014. "Robust Facility Location Problem for Hazardous Waste Transportation," Networks and Spatial Economics, Springer, vol. 14(1), pages 91-116, March.
    2. Liu Su & Changhyun Kwon, 2020. "Risk-Averse Network Design with Behavioral Conditional Value-at-Risk for Hazardous Materials Transportation," Transportation Science, INFORMS, vol. 54(1), pages 184-203, January.
    3. Esfandeh, Tolou & Kwon, Changhyun & Batta, Rajan, 2016. "Regulating hazardous materials transportation by dual toll pricing," Transportation Research Part B: Methodological, Elsevier, vol. 83(C), pages 20-35.
    4. Bhavsar, Nishit & Verma, Manish, 2022. "A subsidy policy to managing hazmat risk in railroad transportation network," European Journal of Operational Research, Elsevier, vol. 300(2), pages 633-646.
    5. Hosseini, S. Davod & Verma, Manish, 2018. "Conditional value-at-risk (CVaR) methodology to optimal train configuration and routing of rail hazmat shipments," Transportation Research Part B: Methodological, Elsevier, vol. 110(C), pages 79-103.

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