Operational Risk Assessment for International Transport Corridor: A Case Study of China-Pakistan Economic Corridor

Abstract

The international transport corridor is the basis and carrier of economic and trade exchanges between countries and regions. International transport corridors span different countries and regions, coupled with the long distance, complicated transportation environment and process, which determines the potential risks of the operation of the transport corridors. Therefore, accurately identifying and assessing the risk of international channels are an important prerequisite for ensuring its safe and stable operation. The expert scoring method is used to collect the basic data of risk identification, and the hesitant fuzzy decision theory is introduced. The dependent linguistic ordered weighted geometric (DLOWG) operator and the Failure Mode and Effect Analysis (FMEA) method are used in combination. Taking the China-Pakistan Economic Corridor (CPEC) as an example, evaluate the operational risks of the international transport corridor. The research results show that corruption, terrorism, and policy stability are the top three risk factors in the operation of the China-Pakistan transport corridor. The risk management and control should focus on these three types of risks and strengthen the security management along the route. Strengthen policy docking and communication, maintain political stability, and strengthen antiterrorism cooperation.

The Impact of Pak and China Cultural influences on CPEC Energy Project Moderating effect in South Asia: A Case Study from Pakistan

“…In this study, infrastructure improvements have been influenced by the introduction of the China-Pakistan Economic Corridor (CPEC), such as the Improvement of Farmers' Quality of Life (QOL) (Kousar, 2018). The results show that the social, cultural and educational interests of local communities are important predictors of the well-being of citizens, and that QOL issues have had a significant impact on the well-being of citizens (Lei et al, 2019). However, the results also showed that community resources have a significant relationship with the thematic wellbeing of the people.…”

“…Developed economies significantly invest in projects to gather higher returns or attain countless benefits that have essential aspects for boosted economies and people's living standards. Economic relations are mostly dependent on projects that significantly impact on countries (Lei et al, 2019). Therefore, in CPEC, national and economic interests predominate over the definition of various measures.…”

China–Pakistan Economic Corridor: Macro Environmental Factors and Security Challenges

“…Boni and Adeney (2020) and Qureshi (2015) additionally revealed that China started to arrange Joint Cooperation Committee (JCC) meetings intermittently on a single platform to resolve various inter-governmental concerns not limited to transparency, decentralization, route, project proposals, security, institutional legalities, and much more through open discussion. Many of the authors including (Boni & Adeney, 2020; Lei et al, 2019; Shah, 2018; Yigit, 2019) in their studies concluded that the political instability and governing weaknesses are the major obstacles against the economic corridor and national domains in Pakistan that may limit economic output to both countries.…”

Risk Analysis of Emergency Based on Fuzzy Evidential Reasoning

“…To prove the validity of the model we proposed, we run a case study on railway project accident. Railway project accident is a complex system which may contain transportation accidents, public facility accidents, equipment destruction, environmental pollution, industrial hazard, and economic loss [39]. Furthermore, it is a typical technical accident and is seldom analyzed in emergency research.…”