Current Research
- Current Research
- Impact Estimation of the Effects of Climate Change on Freight Transportation Infrastructure
- Development of an Enterprise Risk Management (ERM) Evaluation Toolbox
- Managing the Impacts of Climate Change on Freight Transportation Operations and Infrastructure – A Leadership Summit
- Regional Traffic and Safety Information Dissemination: Phase III
- Data Collection and Analysis to Evaluate Transportation System Performance
- Evaluating Vulnerabilities to Transportation Infrastructure Under Future Climate Projections
- Simulations to Inform Management of Systems Under a Range of Scenarios
- Evaluating Benefits of Mitigation Strategies
- Development of a Decision-Support Tool for Bridge Infrastructure Adaptation in Response to Climate-Induced Flood Risk
- Mining AIS Data for Improved Vessel Trip Analysis Capabilities
- Enterprise Risk Management Methods Enhancement and Mitigation Strategy Development
- Completed Research Projects
- Network Analysis of Freight Diversion and Capacity Issues in Tennessee
- Intermodal Freight Network – User Interface Development
- U.S. Foreign Waterborne Cargo Data System: phase II
- Mining AIS Data for Improved Vessel Trip Analysis Capabilities
- Spatial Analysis of Safety and Security Vulnerability During Transport of Hazardous Materials
- U.S. Freight Investment Efficiency: Phase I
- Baseline of the US National Freight System
- National Scan of Freight Capacity, Safety and Security Issues (phases I and II)
- Freight Analysis Network Development
- Intermodal Freight Curriculum Development
- Freight Analysis Network – Terminal Capacity Estimation
- Tennessee Highway Route Risk Assessments
- I-40 Trucking Operations and Safety Analysis
- Enterprise Risk Management Needs Assessment Protocol
- Intermodal GIS Network Risk Assessment
- Truck Terminal and Corridor Performance Analysis
- Coastal Maritime Risk Assessments
- The “Phases” of Emergency Management
- The Recovery Phase of Emergency Management
- Freight Transportation and Emergency Management: Profiles of 3 Stakeholder Groups
- Safety, Security and Capacity of Critical Rail Corridors
- Intermodal Freight GIS Network
- Regional Traffic and Safety Information Dissemination – Phase 2
- CAIT 10: Inland Marine Transportation Analytics, Phase II
- Inland Marine Transportation Data Collection Using Automatic Identification Systems
- US Foreign Waterborne Cargo Data System
- TDOT SmartWay Information System (TSIS)
- Spill Management Information System (SMIS)
Establishing the current status and future direction of an organization’s enterprise risk management (ERM) practices requires an ability to benchmark the existing level of performance, prioritize where risk management actions are warranted, and implement cost-effective risk mitigation strategies that are practical and achievable. Previously, Vanderbilt developed an ERM protocol for identifying “reasonably foreseeable risks” and prioritizing among them. This protocol was subsequently applied it in a pilot application involving a major freight transportation carrier. In performing this work, the foundation was laid from which to develop and field test a method for determining the cost-effectiveness of various mitigation strategies directed at reducing priority risks. Moreover, the pilot test identified improvements that can be made to the ERM protocol based on observations and feedback received.
The objective of this task is to address these enhancement opportunities by completing the following steps:
- Develop a method for evaluating the cost-effectiveness of candidate strategies directed at mitigating priority risks identified using the ERM protocol.
- Field test this method in a pilot application involving a major freight transportation carrier.
- Modify the ERM protocol based on observations and feedback for the following process steps, as appropriate: 1) scenario development process, 2) risk scoring method, 3) risk estimation and analysis approach, and 4) method for evaluating risk mitigation strategies.
Please contact Mark Abkowitz for more information on this project.
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