2013/06/21 by Galina Sherman, Peer-Olaf Siebers, Peer‐Olaf Siebers +6
Business, Management and Accounting · Computer Science · Decision Sciences · Engineering · Health Professions · Mathematics · #Applications (stat.AP) #Computational Engineering #FOS: Computer and information sciences #Finance #Maritime Navigation and Safety #Occupational Health and Safety Research #Risk and Safety Analysis #Structural Integrity and Reliability Analysis #Supply Chain Resilience and Risk Management #and Science (cs.CE) #cs.CE #stat.AP
paper · pdf · doi:10.48550/arxiv.1306.5158
International Workshop of Applied Modelling and Simulation (WAMS), 5-7 May, Buizos, Brasil, 2010
arxiv created 2013/06/21 · openalex publication_date 2013/06/21 · arxiv updated 2013/06/24 · openalex created_date 2022/10/03 · openalex updated_date 2026/07/28
In this paper we present our ideas for conducting a cost benefit analysis by using three different methods: scenario analysis, decision trees and simulation. Then we introduce our case study and examine these methods in a real world situation. We show how these tools can be used and what the results are for each of them. Our aim is to conduct a comparison of these different probabilistic methods of estimating costs for port security risk assessment studies. Methodologically, we are trying to understand the limits of all the tools mentioned above by focusing on rare events.