Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management

Delayed-Bang Approach Towards More Sustainable Critical Infrastructure Risk Management

This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss r...

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Veröffentlicht in:Journal of homeland security and emergency management 2011-01, Vol.8 (1), p.1
Hauptverfasser: Pinto, C. Ariel, McShane, Michael K, Pathak, Abhishek S
Format: Artikel
Sprache:eng
Schlagworte:
Convergence
Cost benefit analysis
Critical infrastructure
Delayed
Economic analysis
Economic losses
Engineering
engineering economy
Evaluation
Infrastructure
Loss control
National security
Prevention
Probabilistic analysis
Public infrastructure
Risk management
Security
Survivability
Sustainability
U.S.A
Valuation
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Zusammenfassung:This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss reduction alternatives, (3) the convergence of deterministic engineering economics, survivability analysis , and probabilistic analysis, and (4) hypothetical examples of the Delayed-Bang Approach and significance towards more sustainable risk management.
ISSN:2194-6361
1547-7355
1547-7355
DOI:10.2202/1547-7355.1533