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Operations Research and Decision Analysis

Software Tools and Applications

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Real-Time and Deliberative Decision Making

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Abstract

This chapter demonstrates operations research and decision and risk analysis tools and their application in the context of a hypothetical case study of groundwater cleanup at a toxic waste site [1]. The following issues are addressed:

  1. 1.

    Population risk assessment

  2. 2.

    Remediation effectiveness

  3. 3.

    Optimal treatment method

  4. 4.

    Multiple objectives

  5. 5.

    Reducing uncertainty

  6. 6.

    Linked decisions

The chapter concludes with a brief discussion integrating the six parts of the case study into a process for implementation of adaptive management.

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References

  1. “Groundwater Cleanup at a Toxic Waste Site,” 2007. Crystal Ball Examples Guide, Oracle Corporation, Redwood Shores, CA.

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  2. Powell, S. G., and Baker, K. R., 2004. The Art of Modeling with Spreadsheets. Wiley, Hoboken, NJ.

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  3. Crystal Ball Premium add-in to Excel, version 7.3.1, 2007. Oracle Corporation, Redwood Shores, CA.

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  4. OptQuest for Crystal Ball, version 2.4), 2007. OptTek Systems, Boulder, CO.

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  5. Keeney, R. L., 1992. Value Focused Thinking. Harvard University Press, Cambridge, MA.

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  6. Logical Decisions for Windows, Group Version 6.00.22, 2007. Logical Decisions, Fairfax, VA.

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  7. Mun, J., 2002. Real Options Analysis. Wiley, Hoboken, NJ.

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Author information

Authors and Affiliations

  1. Decision Aiding Ltd., 20/10 Ostrovski, Ra’anana, 4337, Israel

    D. Strimling

Authors
  1. D. Strimling
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Corresponding author

Correspondence to D. Strimling .

Editor information

Editors and Affiliations

  1. U.S. Army Engineer Research and Development Center, Concord, Massachusetts, USA

    Igor Linkov

  2. U.S. Army Engineer Research and Development Center, Vicksburg, Massachusetts, USA

    Elizabeth Ferguson

  3. ENVIRON International Corporation, Chicago, Illinois, USA

    Victor S. Magar

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© 2008 Springer Science + Business Media B.V

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Strimling, D. (2008). Operations Research and Decision Analysis. In: Linkov, I., Ferguson, E., Magar, V.S. (eds) Real-Time and Deliberative Decision Making. NATO Science for Peace and Security Series C: Environmental Security. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-9026-4_18

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