The economic importance of the Straits of Malacca and Singapore: An extreme-scenario analysis

Qu, X; Meng, Q

The economic importance of the Straits of Malacca and Singapore: An extreme-scenario analysis

Qu, X

Meng, Q

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Publication Type:: Journal Article
Citation:: Transportation Research Part E: Logistics and Transportation Review, 2012, 48 (1), pp. 258 - 265
Issue Date:: 2012-01-01

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Field	Value	Language
dc.contributor.author	Qu, X https://orcid.org/0000-0003-0973-3756	en_US
dc.contributor.author	Meng, Q	en_US
dc.date.issued	2012-01-01	en_US
dc.identifier.citation	Transportation Research Part E: Logistics and Transportation Review, 2012, 48 (1), pp. 258 - 265	en_US
dc.identifier.issn	1366-5545	en_US
dc.identifier.uri	http://hdl.handle.net/10453/115170
dc.description.abstract	This paper proposes a decision tree model to estimate the loss to global economy on the hypothesis of an extreme scenario of blockade of the Straits of Malacca and Singapore. The insurance surcharges, inventory costs and the time values of cargoes, and Time Charter Equivalent rate are used to estimate the psychological loss, the loss to industries, and the loss to carriers, respectively. Interestingly, there is a pseudo-paradoxical phenomenon with respect to the loss to carriers. An illustrative example is also provided to explain the "Malacca Paradox" © 2011 Elsevier Ltd.	en_US
dc.relation.ispartof	Transportation Research Part E: Logistics and Transportation Review	en_US
dc.relation.isbasedon	10.1016/j.tre.2011.08.005	en_US
dc.subject.classification	Logistics & Transportation	en_US
dc.title	The economic importance of the Straits of Malacca and Singapore: An extreme-scenario analysis	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	48	en_US
utslib.for	0102 Applied Mathematics	en_US
utslib.for	0103 Numerical and Computational Mathematics	en_US
utslib.for	1507 Transportation and Freight Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Civil and Environmental Engineering
pubs.organisational-group	/University of Technology Sydney/Strength - CBI - Centre for Built Infrastructure
pubs.organisational-group	/University of Technology Sydney/Strength - CRIN - Realtime Information Networks
utslib.copyright.status	closed_access
pubs.issue	1	en_US
pubs.publication-status	Published	en_US
pubs.volume	48	en_US

Abstract:

This paper proposes a decision tree model to estimate the loss to global economy on the hypothesis of an extreme scenario of blockade of the Straits of Malacca and Singapore. The insurance surcharges, inventory costs and the time values of cargoes, and Time Charter Equivalent rate are used to estimate the psychological loss, the loss to industries, and the loss to carriers, respectively. Interestingly, there is a pseudo-paradoxical phenomenon with respect to the loss to carriers. An illustrative example is also provided to explain the "Malacca Paradox" © 2011 Elsevier Ltd.

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http://hdl.handle.net/10453/115170