An integrated risk estimation methodology: Ship specific incident type risk

Sabine Knapp

No EI 2013-11, Econometric Institute Research Papers from Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute

Abstract: Shipping activity has increased worldwide, including parts of Australia, and maritime administrations are trying to gain a better understanding of total risk exposure in order to mitigate risk. Total risk exposure integrates risk at the individual ship level, risk due to vessel traffic densities, physical environmental criteria, and environmental sensitivities. A comprehensive and robust risk exposure metric can be beneficial to maritime administrations to enhance mitigation of potential harm and reduce vulnerability to the marine environment as well as to safeguard lives and property. This report outlines an integrated methodology to estimate total risk exposure, with specific attention for the ship specific risk for different types of incident. Some related application aspects of the models are discussed.

Keywords: binary logistic model; company risk estimation; incident models; total risk exposure; visualization of risk dimensions (search for similar items in EconPapers)
Pages: 14
Date: 2013-04-01
New Economics Papers: this item is included in nep-rmg and nep-tre
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Citations: View citations in EconPapers (7)

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