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Simulation-based catastrophe-induced port loss estimation

delete2018-07-01
delete34
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OA
AI
X
Xinhu Cao
J
Jasmine Siu Lee Lam *
DOI:10.1016/j.ress.2018.02.008delete
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Abstract

Abstract

En 中文
Seaports are critical infrastructure systems in the international economy. They are at the same time vulnerable to various types of natural and man-made catastrophes due to their special coastal and low-lying locations. Traditional catastrophe risk analyses focused more on regions, port cities, and port communities. Limited studies assessed catastrophe risks on ports as a specific system. This paper aims to develop a catastrophe-induced port loss estimation framework, based on a port operation simulation model, actual terminal records and historical hazard records. By using the typhoon hazard and the Port of Shenzhen as a case study, we find that (1) the worst-case scenario of a typhoon impact could cause a total loss of US$0.91 billion for a terminal with 16 berths; and (2) the annual predicted typhoon-induced loss for the same terminal for the next 5 years will reach approximately US$64 million, accounting for 19.7% of the terminal net profit in 2015. The results provide useful references for various port stakeholders in catastrophe risk assessment and mitigation. (C) 2018 Elsevier Ltd. All rights reserved.
Keywords:
Catastrophe risk
Port
Worst-case scenario
Vulnerability
Container terminal loss estimation
Simulation
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Journal

R
Reliability Engineering and System Safety
IF:
11
Papers:
9.0K
Citations:
4.2W

Organization

N
Nanyang Technological University
Scholars:
4.9W
Papers: 4.8W
Citations: 8.1W