Evaluating different cost-benefit analysis methods for port security operations

Sherman, Galina, Siebers, Peer-Olaf, 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

Full text not available from this repository.


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
RIS ID: https://nottingham-repository.worktribe.com/output/711071
Schools/Departments: University of Nottingham Ningbo China > Faculty of Science and Engineering > School of Computer Science
University of Nottingham, UK > Faculty of Science > School of Computer Science
Related URLs:
Depositing User: Aickelin, Professor Uwe
Date Deposited: 17 Jun 2016 09:31
Last Modified: 04 May 2020 16:33
URI: https://eprints.nottingham.ac.uk/id/eprint/34112

Actions (Archive Staff Only)

Edit View Edit View