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Operations Research, Systems Engineering and Industrial Engineering Commons

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Simulation

Risk Analysis

Iowa State University

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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Evaluating The Consequences Of An Inland Waterway Port Closure With A Dynamic Multiregional Interdependence Model, Cameron A. Mackenzie, Kash Barker, F. Hank Grant Jan 2012

Evaluating The Consequences Of An Inland Waterway Port Closure With A Dynamic Multiregional Interdependence Model, Cameron A. Mackenzie, Kash Barker, F. Hank Grant

Cameron A. MacKenzie

As intermodal hubs connecting barge, train, and truck transportation modes, inland ports play an important role in U.S. and global commerce. Like coastal ports, inland ports face the risk of malevolent attacks, man-made accidents, and natural disasters. However, most port impact studies focus on the consequences of one of these disruptive events suddenly closing a coastal port. This paper examines the economic impact of suddenly closing an inland port by combining a simulation and a multiregional input-output model. The simulation models how companies may react if an inland waterway port suddenly closes, and the multiregional dynamic inoperability input-output model quantifies …