Technology-Based Risk Calculation Methodology in Coastal Container Liner Shipping

The methodology of business and technology risk evaluation and management in shipping is based on three key factors: the voyage duration, the detected spots of technological differences and the spots of consequence costs. The lowest costs of a vessel on a voyage or on a segment of a voyage are considered to be the optimal costs of a certain vessel on the voyage or on the segment of the voyage. Each cost that arises on a voyage or on a segment of a voyage which is higher than the lowest recorded cost is a consequence of a threat or a danger that has come to be. The initial value of the consequence cost is the lowest recorded cost or the optimal cost. The standard deviation is proposed to be the measure of the consequence cost i.e. of the degree of risk. The consequence cost that is higher than the ideal cost by two standard deviations is within the limits of the acceptable risk. © Faculty of Maritime Studies Rijeka, 2015.

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  • Accession Number: 01594269
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Mar 7 2016 11:47AM