Please use this identifier to cite or link to this item: https://doi.org/10.1016/j.tre.2011.08.005
Title: The economic importance of the Straits of Malacca and Singapore: An extreme-scenario analysis
Authors: Qu, X. 
Meng, Q. 
Keywords: Blockade
Discrete choice model
Malacca Paradox
The Straits of Malacca and Singapore
Issue Date: Jan-2012
Source: Qu, X., Meng, Q. (2012-01). The economic importance of the Straits of Malacca and Singapore: An extreme-scenario analysis. Transportation Research Part E: Logistics and Transportation Review 48 (1) : 258-265. ScholarBank@NUS Repository. https://doi.org/10.1016/j.tre.2011.08.005
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.
Source Title: Transportation Research Part E: Logistics and Transportation Review
URI: http://scholarbank.nus.edu.sg/handle/10635/59231
ISSN: 13665545
DOI: 10.1016/j.tre.2011.08.005
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