Development of an Economic Framework To Evaluate Resilience in Recovering From Major Port Disruptions: Final Report [2017]
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2017-02-03
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Alternative Title:Development of an economic framework to evaluate resilience in recovering from major port disruptions.
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Edition:Final Report, 08/15/2015 to 08/14/2016
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Abstract:Ports play a critical role in a nation’s economic system. The impact of a major port disruption can reverberate across the entire economy through regional and national supply-chains. This study develops an operational framework to evaluate the effectiveness of a comprehensive list of potential resilience tactics that can help ports and related businesses in the supply-chain recover more rapidly from port disruptions. The assessment of the various resilience tactics is formally incorporated into the economic consequences analysis. The TERM multi-regional computable general equilibrium (CGE) model is adopted and applied to the assessment of the economic consequences and the effects of various resilience tactics of two port disruption scenarios with different magnitudes and durations.
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