Abstract
Given the inherent complexity of the maritime transportation system, developing effective policy can be challenging. Using risk factors identified by an elicitation and aggregation of expert judgment, a relative-risk rating scheme was developed in the theory-building tradition of the social sciences. The model was empirically evaluated using 18 months of data from the US small passenger vessel sector. The model identified that the top 10% of relatively highest risk vessels accounted for 50% of all marine casualties during the period of examination. A policy for deploying the model nationally is proposed.
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