Citation

Homan AC, Steiner T. Proc. Marine Saf. Secur. Counc. 2007; 64(1): 45-48.

Copyright

(Copyright © 2007, U.S. Coast Guard, National Maritime Center)

DOI

unavailable

PMID

unavailable

Abstract

This article provides an overview of an innovative program designed to look at the secondary economic impacts of terror acts and security policies, developed by the U.S. Coast Guard's Standards Evaluation and Analysis Division. Analyzing these influences is important, given the problems that exist with current risk assessment methods (RAMs) and analysis tools for maritime security. Current RAMs determine a baseline likelihood of an event occurring, based on historical data. Related research has also been completed and is discussed that analyzes the impact of changes in port charges, delays, and reliability (from changes in homeland security policies) on demand for port services, the supply chain, and on accepted metrics such as gross domestic product and economic surplus. The approach provides a new paradigm for measuring the impact of homeland security policies.