Evaluation of the risk management issues in the seaports of Latvia and Lithuania

Abstract

This paper reviews the of transportation risk assessment in the Latvia and Lithuania ports. The essential steps of assessment are the identification of primary criterions, the determining the underlying criterion groups and quantitative assessment of international environment indicators and nature, infrastructure indicators and organizational indicators. Designed system of criteria creates a possibility for objective evaluation of risk management processes and allows planning objectively long-term risk management strategy in the Latvia and Lithuania ports according to certain economic development circumstances.