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A risk appraisal system regarding the implementation of maritime regulations by a ship operator

Karahalios, H and Yang, Z and Wang, J (2014) A risk appraisal system regarding the implementation of maritime regulations by a ship operator. MARITIME POLICY & MANAGEMENT, 42 (4). pp. 389-413. ISSN 0308-8839

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Abstract

The shipping industry operates in a regulatory framework, where the International Maritime Organization (IMO) is the leading regulatory body. The role of the IMO is to propose maritime regulations to its member states. The successful implementation of a maritime regulation depends on how many member states adopt it. However, many maritime regulations are not adequately implemented worldwide. As a result, ship operators have found themselves in an uncomfortable
position in developing their business. This paper proposes an extendable and applicable methodology involving a System of Hierarchical Scorecards (SHS) to measure the implementation cost and benefit analysis of a newly introduced or existing maritime regulation by ship operators. The regulators may use the results in evaluating newly introduced and/or existing regulations through taking into account the economical burden that will be generated to ship operators. In this paper, System of Hierarchical Scorecards (SHS) is extended to demonstrate its applicability on evaluating a stakeholder’s organisation with regard to his regulatory implementation performance
by the means of a case study.

Item Type: Article
Additional Information: This is an Accepted Manuscript of an article published by Taylor & Francis in MARITIME POLICY & MANAGEMENT on 31.01.2014[online publication], available online: http://dx.doi.org/10.1080/03088839.2013.873548."
Uncontrolled Keywords: 16 Studies In Human Society, 15 Commerce, Management, Tourism And Services, 14 Economics
Subjects: H Social Sciences > HE Transportation and Communications
H Social Sciences > HF Commerce
Divisions: Maritime and Mechanical Engineering
Publisher: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
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Date Deposited: 28 Jul 2015 10:29
Last Modified: 18 Nov 2016 11:42
DOI or Identification number: /10.1080/03088839.2013.873548
URI: http://researchonline.ljmu.ac.uk/id/eprint/1749

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