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February 22, 2026SAE International Journal of Transportation Safety

Cumulative Prospect Theory Coupled with Multi-Attribute Decision-Making for Path Selection in Hazardous Materials Road Transportation

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Authors

WXWang XuleiCSChunwei Sun

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Overview

This approach improves path selection in hazardous material transport, enhancing safety and efficiency.

Key Points

  • To develop a path selection method for hazardous materials transportation based on cumulative prospect theory.
  • Developed a framework for path selection using cumulative prospect theory.
  • Derived value functions and decision weighting functions for accidents in hazardous materials transport.
  • Conducted a case study using data from a Hazmats transportation firm in Shanghai.
  • The proposed method shows superior performance compared to expected utility theory.
  • Path selections based on the new approach significantly reduce perceived accident risk.
  • The method enhances the overall safety of road transportation for hazardous materials.

Cite This Study

Xulei et al. (2026) studied this question.

synapsesocial.com/papers/699a9ded482488d673cd4390https://doi.org/10.4271/09-14-02-0002
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