—Inland water transportation project is considered today as one of the mitigation option available for humanity to curb carbon footage. Collision in inland water transportation represents the biggest treat to inland water transportation; its occurrence is very infrequent but has grave consequence that makes its avoidance a very imperative factor. The nature of the threat of collision can be worrisome, as they can lead to loss of life, damage to environment, disruption of operation, injuries, instantaneous and point form release of harmful substance to water, air and soil and long time ecological impact. However, the development of complex system like inland water transportation and collision avoidance system also needs to meet economic sustainability for decision requirement related to collision avoidane. This makes analysing and quantifying occurrence scenarios, consequence of accident very imperative for reliable and sustainable design for exercise of technocrat stewardship of safety and safeguard of environmental. This paper discusses the cost benefit analysis for risk control option required for operational, societal and technological change decision for sustainable inland water transportation system. The paper presents the result of predictive cost for collision aversion aversion for in River Langat waterways development.
O. Sulaiman, A.S.A. Kader, A.H., Saharuddin are University Malaysia Terengganu, 21030, Kuala Terengganu, Terengganu, Malaysia (email: O.firstname.lastname@example.org).
Cite:O. Sulaiman, A.S.A. Kader, A.H., Saharuddin, "Collision Aversion Model for Inland Water Transportation: Cost Benefit Analysis Model," International Journal of Trade, Economics and Finance vol.2, no.1, pp. 24-31, 2011.