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Evaluating the consequences of an inland waterway port closure with a dynamic multiregional interdependence model
IEEE Transactions on Systems, Man, and Cybernetics Part A:Systems and Humans (2012)
  • Cameron A. MacKenzie, University of Oklahoma Norman Campus
  • Kash Barker, University of Oklahoma Norman Campus
  • F. Hank Grant, University of Oklahoma Norman Campus
Abstract
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 the interdependent effects of these decisions. We deploy this simulation and model on a case study involving an Oklahoma port on the Arkansas River. The case study indicates that, if a financial penalty is imposed on companies for delivering their commodities late, companies will move their products by train rather than wait for the port to reopen. These decisions save billions of dollars in production losses for the states that use the port. We discuss the implications of these results for policymakers concerned about limiting the consequences of port closures.
Keywords
  • economic interdependence,
  • input-output model,
  • port security,
  • simulation
Publication Date
2012
Publisher Statement
This is a manuscript of an article from IEEE Transactions on Systems, Man,and Cybernetics,Part A:Systems and Humans 42 (2012): 359, doi: 10.1109/TSMCA.2011.2164065. Copyright 2011 IEEE. Posted with permission.
Citation Information
Cameron A. MacKenzie, Kash Barker and F. Hank Grant. "Evaluating the consequences of an inland waterway port closure with a dynamic multiregional interdependence model" IEEE Transactions on Systems, Man, and Cybernetics Part A:Systems and Humans Vol. 42 Iss. 2 (2012)
Available at: http://works.bepress.com/cameron_mackenzie/5/