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A Risk Management-based Decision Analysis Framework for resilience in Maritime Infrastructure and Transportation Systems

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3 Author(s)
Mansouri, M. ; Center for Complex Adaptive Socio-Technol. Syst., Stevens Inst. of Technol. Hoboken, Hoboken, NJ ; Nilchiani, R. ; Mostashari, A.

This research is an effort to develop a Risk Management-based Decision Analysis (RMDA) Framework based on the common fundamental elements that define the nature of resilience in Maritime Infrastructure and Transportation Systems (MITS). While developing a systematic process for making strategic and investment decisions, RMDA enables the decision-makers to identify, analyze, and prioritize risks involved in MITS operations; to define ways for risk mitigation, plan for contingencies, and devise mechanisms for continuously monitoring and controlling risk factors and threats to the system. Our suggested RMDA framework utilizes a Decision Tree Analysis (DTA) methodology for assessing the cost-effectiveness of the devised strategies.

Published in:

Systems Conference, 2009 3rd Annual IEEE

Date of Conference:

23-26 March 2009

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