Research Article

[Retracted] Safety Investment Decision Problem without Probability Distribution: A Robust Optimization Approach

Table 3

Parameter definitions.

SymbolNameMeaning

ISafety investmentResources utilized in safety, including human resources, capital, and material
DDemand of safety investmentAmount of investment required to prevent accidents
ALAccident lossLosses caused when demand for safety investment exceeds the amount of investment
MALMarginal accident lossAccident loss resulting from the investment of a unit when safety investment demand exceeds the actual investment
OLOpportunity lossOpportunity cost due to safety investment exceeding demand
MOLMarginal opportunity lossOpportunity loss resulting from the investment of a unit when actual safety investment exceeding demand
Function of safety costFunction of safety cost relative to input parameters I and D