Shipping policy is made and implemented under conditions of multiple objectives and constraints. It is often also subject to diverse interests and decision-makers, each with his own agenda. Policy alternatives usually have different financial, economic, market, environmental, and other implications, and, as a result, affect objectives and constraints differently. In turn, their desirability from the point of view of the various decision-makers will be influenced by complex sets of priorities. Shipping policy and decision-making involves the trade-off among a myriad of often conflicting objectives in the choice between alternative strategies. A hierarchical network approach to the determination of the most effective choice or strategy is proposed to represent the effect of policy alternatives on desired and undesired outcomes and the impact of these outcomes on the objectives and, as a result, the various interest groups supporting different policy objectives. The model suggested is based on the analytic hierarchy or expert choice process and permits consideration of both qualitative as well as quantitative performance measures and their impact on policy or decision objectives.


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    Title :

    Hierarchical logic in shipping policy and decision-making


    Contributors:

    Published in:

    Publication date :

    1992-09-01




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    Unknown



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