Evaluating different cost-benefit analysis methods for port security operations

Sherman, Galina and Siebers, Peer-Olaf and Menachof, David and Aickelin, Uwe (2012) Evaluating different cost-benefit analysis methods for port security operations. In: Decision making in service industries: a practical approach. CRC Press, Boca Raton, Florida, pp. 279-302. ISBN 9781439867341

[img]
Preview
PDF - Requires a PDF viewer such as GSview, Xpdf or Adobe Acrobat Reader
Download (267kB) | Preview

Abstract

Service industries, such as ports, are attentive to their standards, a smooth service flow and economic viability. Cost benefit analysis has proven itself as a useful tool to support this type of decision making; it has been used by businesses and governmental agencies for many years. In this book chapter we demonstrate different modelling methods that are used for estimating input factors required for conducting cost benefit analysis based on a single case study. These methods are: scenario analysis, decision trees, Monte-Carlo simulation modelling and discrete event simulation modelling. Our aims are, on the one hand, to guide the analyst through the modelling processes and, on the other hand, to demonstrate what additional decision support information can be obtained from applying each of these modelling methods.

Item Type: Book Section
Schools/Departments: University of Nottingham, Ningbo Campus > Faculty of Science and Engineering > Division of Computer Science
University of Nottingham UK Campus > Faculty of Science > School of Computer Science
Related URLs:
URLURL Type
http://ima.ac.uk/papers/sherman2012.pdfUNSPECIFIED
Depositing User: Aickelin, Professor Uwe
Date Deposited: 17 Jun 2016 09:31
Last Modified: 03 Oct 2016 05:12
URI: http://eprints.nottingham.ac.uk/id/eprint/34112

Actions (Archive Staff Only)

Edit View Edit View