Abstract

A model was developed to execute a cost-efficiency analysis for taking prevention investment decisions. Using the knapsack problem solving technique well-known in the field of operational research, the approach suggests how to prioritize bundles of prevention measures based on their costs and benefits within a predefined prevention budget. This way, an efficient allocation of safety and security measures is achieved using the suggested methodology.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.