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Terrorism and International Transport

Towards Risk-based Security Policy

image of Terrorism and International Transport
Security is critical to transport systems as they are often appealing targets for terrorist attacks. The significant costs of potential damage make effective security policies a key concern for transport decision makers. This Round Table examines the contribution economic analysis can make to improving security in aviation and maritime shipping by identifying methods for quantifying the benefits of security measures and assessing their effectiveness, and examining techniques to allocate resources targeting the highest risks.

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Security and Risk-based Models in Shipping and Ports: Review and Critical Analysis

International Transport Forum

The primary aim of maritime security assessment models is to assess the level of security within and across the maritime network. When managing risk through legislation, regulatory assessment models are used to assess risk levels and examine the impact of policy options, usually in terms of the costs and benefits of a regulatory proposal. This paper reviews the development, application and adequacy of existing risk assessment and management models to maritime and port security. In particular, we examine the problematical issues of security perception, value and impact, and discuss the limitations of the current regulatory framework in providing an integrated and effective approach to risk assessment and management, including for supply chain security.

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