Simultaneous asset/liability management. A consideration in the language of production and cost theory
✍ Scribed by A. Nickel
- Publisher
- Elsevier Science
- Year
- 1998
- Tongue
- English
- Weight
- 116 KB
- Volume
- 22
- Category
- Article
- ISSN
- 0167-6687
No coin nor oath required. For personal study only.
✦ Synopsis
This paper describes the results of an analysis of the effectiveness of the U.S. Count Guard's efforts to promote the safety of life and property at sea through its program to inspect large, ocean-going vessels. The effectiveness of specific U.S. Coast Guard vessel inspection activities was evaluated using risk based metrics that linked categories of root causes of accidents to the particular inspection activities designed to reduce the risk of each root cause category. The results demonstrate a risk-based ranking of USCG inspection activities. These metrics, describes as measures of effectiveness(MOE's) , yield insights regarding the most beneficial areas in which to concentrate inspection resources. Insights regarding quality of vessel casualty investigation data and database design as related to riskbased importance analysis are also described. The MOE's constructed in this study are specific to the USCG's Marine Inspection and Boarding Program, but the methodology of the study is based on sound theoretical principles that are probably applicable to a range of maritime safety activities. Hence the methodology applies equally to other important governmental regulatory programs and can be similarly used to measure their effectiveness and as an aid to decision-making.