Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process

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 result...

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Main Authors: Sherman, Galina, Siebers, Peer-Olaf, Aickelin, Uwe, Menachof, David
Other Authors: Bruzzone, Agostino G.
Format: Book Section
Published: COPPE/UFRJ 2010
Online Access:https://eprints.nottingham.ac.uk/1459/
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author Sherman, Galina
Siebers, Peer-Olaf
Aickelin, Uwe
Menachof, David
author2 Bruzzone, Agostino G.
author_facet Bruzzone, Agostino G.
Sherman, Galina
Siebers, Peer-Olaf
Aickelin, Uwe
Menachof, David
author_sort Sherman, Galina
building Nottingham Research Data Repository
collection Online Access
description 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.
first_indexed 2025-11-14T18:15:22Z
format Book Section
id nottingham-1459
institution University of Nottingham Malaysia Campus
institution_category Local University
last_indexed 2025-11-14T18:15:22Z
publishDate 2010
publisher COPPE/UFRJ
recordtype eprints
repository_type Digital Repository
spelling nottingham-14592020-05-04T20:25:51Z https://eprints.nottingham.ac.uk/1459/ Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process Sherman, Galina Siebers, Peer-Olaf Aickelin, Uwe Menachof, David 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. COPPE/UFRJ Bruzzone, Agostino G. Landau, Luiz Cunha, Gerson Gomes Saetta, Stefano 2010 Book Section PeerReviewed Sherman, Galina, Siebers, Peer-Olaf, Aickelin, Uwe and Menachof, David (2010) Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process. In: The International Workshop on Applied Modelling and Simulation: WAMS, Buizos, 2010. COPPE/UFRJ, Rio de Janeiro, pp. 287-295. ISBN 9788528501353 http://evento.lamce.coppe.ufrj.br/wams.2010/proceedings.html
spellingShingle Sherman, Galina
Siebers, Peer-Olaf
Aickelin, Uwe
Menachof, David
Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
title Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
title_full Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
title_fullStr Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
title_full_unstemmed Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
title_short Scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
title_sort scenario analysis, decision trees and simulation for cost benefit analysis of the cargo screening process
url https://eprints.nottingham.ac.uk/1459/
https://eprints.nottingham.ac.uk/1459/