Formal Vulnerability Assessment of a maritime transportation system

Berle, Øyvind, Asbjørnslett, Bjørn Egil and James B. Rice

Reliability Engineering and System Safety, 2011, vol. 96, issue 6, 696-705

Abstract: World trade increasingly relies on longer, larger and more complex supply chains, where maritime transportation is a vital backbone of such operations. Long and complex supply chain systems are more prone to being vulnerable, though through reviews, no specific methods have been found to assess vulnerabilities of a maritime transportation system. Most existing supply chain risk assessment frameworks require risks to be foreseen to be mitigated, rather than giving transportation systems the ability to cope with unforeseen threats and hazards. In assessing cost-efficiency, societal vulnerability versus industrial cost of measures should be included.

Keywords: Supply chain disruptions; Vulnerability; Failure modes; Maritime transportation; Resilience (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:96:y:2011:i:6:p:696-705

DOI: 10.1016/j.ress.2010.12.011

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