Study on Highway Investment Decision under Uncertainty with Shackle Model

Qian Xu; Li Tao Geng; Chuan Zeng Song

doi:10.4028/www.scientific.net/AMM.97-98.176

Paper Titles

The Study on Portable Falling Weight Deflectometer Based on the Elastic Half-Space Theory
p.156

Study on the Water Damage Resistance Performance of Micro-Surfacing
p.162

Study on the Application of Plant-Mixed Hot-Regenerated AC in the Maintenance of Expressway
p.167

Research of the Low Temperature Crack Resistance for the Mineral Fiber Rein-Forced Asphalt Mixture
p.172

Study on Highway Investment Decision under Uncertainty with Shackle Model
p.176

The Stopping Sight Distance Test for Freeway Based on the Operating Speed
p.180

Calculating Method and Safety Evaluation of Highway 3D Available Sight Distance
p.185

The Analysis of Temperature and Displacement Coupling in Freeze-Thaw Process of Soil
p.192

Application Research on Uniform Design in Proportion of Compound Mineral Admixture
p.199

HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 97-98Study on Highway Investment Decision under...

Study on Highway Investment Decision under Uncertainty with Shackle Model

Abstract:

Shackle model is used to study highway investment decision under uncertainty. In Shackle model, the uncertainty associated with possible outcomes for project benefit analysis is measured by degree of surprise, and a priority index for performance evaluation of each possible outcome and degree of surprise pair is proposed, thus, the standardized focus gain value and focus loss value from the expected outcome can be established. The standardized focus gain-over-loss ratios corresponding to multiple performance measures are synthesized into an overall ratio as the overall benefits, and then the proposed problem can be built as a multi-choice multi-dimensional knapsack problem which could be solved.