[grads] colloquia Fall 2009

Igor Cialenco igor at math.iit.edu
Sun Aug 30 11:17:04 CDT 2009

Dear All,

I  would  like  to  announce that this Monday, August 31, we
will have our first talk in the series of colloquia for Fall
2009  semester.

As  before,  all talks will be announced via e-mails. For an
accurate  schedule  of  the  talks,  titles,  and abstracts,
please visit http://www.iit.edu/csl/am/colloquia/ which will
be updated on regular basis. All meetings will be held in E1
Room   106,   at   4:40PM,   unless   otherwise   specified.
Refreshments  will  be served in E1 Room 112, around 4:20pm.
Please come earlier and have a chance to meet the speaker.

Please see below the title and the abstract for this Monday Talk.

Looking forward to see you all there, Igor.

Monday,  August  31,  4:40PM,  E1  106

Zongzhi Li, IIT - Civil, Architectural, Environmental Engineering

Title: A Heuristic Approach for Optimal Transportation Investment Decision-Making

Abstract: This presentation begins with a brief introduction
to the principle of transportation asset management aimed to
select a subset of potential investment alternatives for
implementation to achieve maximized overall benefits under
budget and other constraints. It then illustrates a heuristic
approach formulated as the zero/one doubly-constrained
multidimensional knapsack problem that explicitly considers
budget uncertainty and project implementation options for
investment decision-making. The approach is applied to obtain
a comprehensive highway investment plan for the Indiana
state-maintained highway system. Finally, a number of
research directions are discussed to further enhance
existing models and methodologies for transportation asset management.


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