Article ID Journal Published Year Pages File Type
589598 Safety Science 2011 13 Pages PDF
Abstract

The successful implementation of a regulation in the modern complicated world is a major issue for states. A newly introduced regulation may cause conflicts of interest among various parties that are affected. A common conflict is that from one hand, the public demands the introduction of regulations that will increase safety, environmental and security standards while on the other hand industries are concerned about potential costs caused by new regulations. In this paper, the shipping industry, which is a typical example of an international industry, is chosen to carry out a cost and benefit analysis generated from the implementation of a newly introduced regulation. Consequently, a methodology is proposed capable of evaluating the implementation performance of a regulation in the shipping industry with respect to the costs and benefits that can be generated. For a simple and effective computation, a System of Hierarchical Scorecards (SHS) is developed to assist regulators in evaluating any proposed and/or existing regulations.

Research highlights► A maritime regulation may cause conflicts of interest among various parties. ► A methodology is proposed for evaluating the performance of a maritime regulation. ► A model is developed to assist the regulator in evaluating a maritime regulation.

Related Topics
Physical Sciences and Engineering Chemical Engineering Chemical Health and Safety
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