Evaluating Different Cost-Bene‘t Analysis Methods for Port Security Operations

Galina Sherman, Peer-Olaf Siebers, David Menachof, and Uwe Aickelin

Businesses are interested in the trade-off between the cost of risk mitigation and the expected losses of disruptions (Kleindorfer and Saad 2005). Port operations, due to their complexity, have a large impact on the economy, for example, a paralyzed port will have an enormous effect on an area or country.

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