Grantham Four Step Risk Management Process and Modal Split Assignment

timer Asked: Feb 5th, 2019
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Question Description

Explain modal split and its importance. an analytical tool that divides the transportation market by modes of transportation.

Why is the number of truck drivers expected to decrease?

Describe the four-step risk management process.

In addition to its economic role, what other roles are associated with transportation:

What are ocean shipping rates based upon?

Why has P&G decided to jettison about half of their brands?

Describe waterway congestion and the role of infrastructure.

Describe private rail transportation.

Discuss the impact of fuel price instability on Motor Carriers. Indicate the answer choice that best completes the statement or answers the question.

Tutor Answer

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Answer 1
Modal split is the third stage in the travel demand model. It is used to analyze the percentage of
travelers utilizing a specific form of transport in relation to other means of transport (Victor &
Ponnuswamy, 2012). This helps in determining the choice of the mode of travel by evaluating
the different travel trips made. Another benefit is to establish a sustainable transport mode and
policies within a specified region, town or city.
Answer 2
The number of truck drivers might decrease due to automated truck driving (Monaco &
Habermalz, 2011). This means that there will be a growth in demand of a better transport mode
based on cost, speed convenience, reliability for instance, due to the high cost of employing truck
drivers, there is the invention of automated.
Answer 3
Steps in risk management p...

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Thanks, good work

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