Highway Development Decision-Making Under Uncertainty
El-Khatib, Mayar
While decision-making under uncertainty is a universal problem, its implications in the field of transportation systems are especially consequential, where the benefits of right decisions can be substantial, the effects of wrong ones can be disastrous. Development decisions involving highways must incorporate traffic demand and land price. In the literature, these and other uncertainties are almost universally modeled using Geometric Brownian ...