Resilience Analytics with Application to Power Grid of a Developing Region

Heimir Thorisson, James H. Lambert, John J. Cardenas and Igor Linkov

Risk Analysis, 2017, vol. 37, issue 7, 1268-1286

Abstract: Infrastructure development of volatile regions is a significant investment by international government and nongovernment organizations, with attendant requirements for risk management. Global development banks may be tasked to manage these investments and provide a channel between donors and borrowers. Moreover, various stakeholders from the private sector, local and international agencies, and the military can be engaged in conception, planning, and implementation of constituent projects. Emergent and future conditions of military conflict, politics, economics, technology, environment, behaviors, institutions, and society that stress infrastructure development are prevalent, and funding mechanisms are vulnerable to fraud, waste, and abuse. This article will apply resilience analytics with scenario‐based preferences to identify the stressors that most influence a prioritization of initiatives in the electric power sector of Afghanistan. The resilience in this article is conceived in terms of the degree of disruption of priorities when stressors influence the preferences of stakeholders, and ultimately a prioritization of initiatives. The ancillary results include an understanding of which initiatives contribute most and least across strategic criteria and which criteria have the most impact for the analysis. The article concludes with recommendations for risk monitoring and risk management of the portfolio of stressors through the life cycle and horizon of grid capacity expansion.

Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (13)

Downloads: (external link)
https://doi.org/10.1111/risa.12711

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:riskan:v:37:y:2017:i:7:p:1268-1286

Access Statistics for this article

More articles in Risk Analysis from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().