Analysis of Critical Infrastructure Network Failure in the European Union: A Combined Systems Engineering and Economic Model

Olaf Jonkeren (), Ivano Azzini (), Luca Galbusera, Stavros Ntalampiras and Georgios Giannopoulos

Networks and Spatial Economics, 2015, vol. 15, issue 2, 253-270

Abstract: Over the past few years, the European Commission has placed Critical Infrastructure Protection under the spotlight. Therefore, the Joint Research Centre is developing a tool to estimate the economic impact of Critical Infrastructure (CI) network failure, resulting from a hazard, on the regional or national level. This tool, which is presented in this study, is a combined Systems Engineering and Dynamic Inoperability Input–output model (SE-DIIM). The resilience of infrastructures and economic sectors, in terms of their ability to withstand and recover from disruptions, is included in the model. We discuss the model by analyzing the economic losses incurred in the 2003 Italian electricity network outage. The losses are estimated at both national and regional levels i.e. northern, central and southern parts of Italy and Sicily with a focus on 9 CI’s. We estimate that the economic loss for the case study under consideration is between €46 million and €173 million. We conclude that the combination of the SE and the DIIM components provides a complete framework for assessing the economic impact of critical infrastructure network failure on the national or regional level taking account of resilience. Copyright Springer Science+Business Media New York 2015

Keywords: Critical infrastructure network failure; Systems engineering model; Dynamic inoperability input–output model; Static resilience; Dynamic resilience (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/s11067-014-9259-1

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