Evaluating different cost-benefit analysis methods for port security operations
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 c...
| Main Authors: | , , , |
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| Format: | Book Section |
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CRC Press
2012
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| Online Access: | https://eprints.nottingham.ac.uk/34112/ |
| _version_ | 1848794777564217344 |
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| author | Sherman, Galina Siebers, Peer-Olaf Menachof, David Aickelin, Uwe |
| author2 | Faulin, Javier |
| author_facet | Faulin, Javier Sherman, Galina Siebers, Peer-Olaf Menachof, David Aickelin, Uwe |
| author_sort | Sherman, Galina |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T19:21:35Z |
| format | Book Section |
| id | nottingham-34112 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| last_indexed | 2025-11-14T19:21:35Z |
| publishDate | 2012 |
| publisher | CRC Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-341122020-05-04T16:33:52Z https://eprints.nottingham.ac.uk/34112/ Evaluating different cost-benefit analysis methods for port security operations Sherman, Galina Siebers, Peer-Olaf Menachof, David Aickelin, Uwe 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. CRC Press Faulin, Javier Juan, Angel A. Grasman, Scott E. Fry, Michael J. 2012-08-08 Book Section PeerReviewed 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 |
| spellingShingle | Sherman, Galina Siebers, Peer-Olaf Menachof, David Aickelin, Uwe Evaluating different cost-benefit analysis methods for port security operations |
| title | Evaluating different cost-benefit analysis methods for port security operations |
| title_full | Evaluating different cost-benefit analysis methods for port security operations |
| title_fullStr | Evaluating different cost-benefit analysis methods for port security operations |
| title_full_unstemmed | Evaluating different cost-benefit analysis methods for port security operations |
| title_short | Evaluating different cost-benefit analysis methods for port security operations |
| title_sort | evaluating different cost-benefit analysis methods for port security operations |
| url | https://eprints.nottingham.ac.uk/34112/ |