scholarly journals Maxentropic Solutions to a Convex Interpolation Problem Motivated by Utility Theory

Entropy ◽  
2017 ◽  
Vol 19 (4) ◽  
pp. 153
Author(s):  
Henryk Gzyl ◽  
Silvia Mayoral
Keyword(s):  
Interpolation Problem ◽  
Utility Theory ◽  
Convex Interpolation

scholarly journals A Multiobjective Decision-Making Model for Risk-Based Maintenance Scheduling of Railway Earthworks

2021 ◽  
Vol 11 (3) ◽  
pp. 965
Author(s):  
Irina Stipanovic ◽  
Zaharah Allah Bukhsh ◽  
Cormac Reale ◽  
Kenneth Gavin
Keyword(s):  
Utility Theory ◽  
Structural Reliability ◽  
Structural Performance ◽  
Maintenance Planning ◽  
Relative Importance ◽  
User Cost ◽  
Multi Attribute Utility Theory ◽  
Network Maintenance ◽  
Decision Making Model ◽  
Do So

Aged earthworks constitute a major proportion of European rail infrastructures, the replacement and remediation of which poses a serious problem. Considering the scale of the networks involved, it is infeasible both in terms of track downtime and money to replace all of these assets. It is, therefore, imperative to develop a rational means of managing slope infrastructure to determine the best use of available resources and plan maintenance in order of criticality. To do so, it is necessary to not just consider the structural performance of the asset but also to consider the safety and security of its users, the socioeconomic impact of remediation/failure and the relative importance of the asset to the network. This paper addresses this by looking at maintenance planning on a network level using multi-attribute utility theory (MAUT). MAUT is a methodology that allows one to balance the priorities of different objectives in a harmonious fashion allowing for a holistic means of ranking assets and, subsequently, a rational means of investing in maintenance. In this situation, three different attributes are considered when examining the utility of different maintenance options, namely availability (the user cost), economy (the financial implications) and structural reliability (the structural performance and subsequent safety of the structure). The main impact of this paper is to showcase that network maintenance planning can be carried out proactively in a manner that is balanced against the needs of the organization.

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