A policy making framework for resilient port infrastructure systems

Mo Mansouri, Roshanak Nilchiani and Ali Mostashari

Marine Policy, 2010, vol. 34, issue 6, 1125-1134

Abstract: This research is an effort to develop a Risk Management-based Decision Analysis (RMDA) framework based on the common fundamental elements that define the nature of resilience in Port Infrastructure Systems (PIS). While developing a systematic process for making strategic and investment decisions, RMDA guides the decision-makers to identify, analyze, and prioritize risks involved in PIS operations; to define ways for risk mitigation, plan for contingencies, and devise mechanisms for continuously monitoring and controlling risk factors and threats to the system; and to value the adopted resilience investment plans and strategies. Our suggested RMDA framework is a policy making tool that utilizes a Decision Tree Analysis (DTA) methodology for assessing the cost-effectiveness of the devised strategies.

Keywords: Risk; management; Decision; analysis; Resilience; Port; infrastructure; systems (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:eee:marpol:v:34:y:2010:i:6:p:1125-1134

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