Journal
RISK ANALYSIS
Volume 36, Issue 5, Pages 1025-1039Publisher
WILEY
DOI: 10.1111/risa.12473
Keywords
Input-output modeling; maritime port disruptions; operations management; resilience; uncertainty analysis
Categories
Funding
- National Science Foundation [1361116]
- Div Of Civil, Mechanical, & Manufact Inn
- Directorate For Engineering [1361116] Funding Source: National Science Foundation
Ask authors/readers for more resources
Disruptive events such as natural disasters, loss or reduction of resources, work stoppages, and emergent conditions have potential to propagate economic losses across trade networks. In particular, disruptions to the operation of container port activity can be detrimental for international trade and commerce. Risk assessment should anticipate the impact of port operation disruptions with consideration of how priorities change due to uncertain scenarios and guide investments that are effective and feasible for implementation. Priorities for protective measures and continuity of operations planning must consider the economic impact of such disruptions across a variety of scenarios. This article introduces new performance metrics to characterize resiliency in interdependency modeling and also integrates scenario-based methods to measure economic sensitivity to sudden-onset disruptions. The methods will be demonstrated on a U.S. port responsible for handling $36.1 billion of cargo annually. The methods will be useful to port management, private industry supply chain planning, and transportation infrastructure management.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available