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Risk analysis beyond vulnerability and resilience – characterizing the defensibility of critical systems

Vicki Bier and Alexander Gutfraind

European Journal of Operational Research, 2019, vol. 276, issue 2, 626-636

Abstract: A common problem in risk analysis is to characterize the overall security of a system of valuable assets (e.g., government buildings or communication hubs), and to suggest measures to mitigate any hazards or security threats. Currently, analysts typically rely on a combination of indices, such as resilience, robustness, redundancy, security, and vulnerability. However, these indices are not by themselves sufficient as a guide to action; for example, while it is possible to develop policies to decrease vulnerability, such policies may not always be cost-effective.

Keywords: Risk analysis; Defensibility; Vulnerability; Resilience; Counter-terrorism (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:276:y:2019:i:2:p:626-636

DOI: 10.1016/j.ejor.2019.01.011

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European Journal of Operational Research is currently edited by Roman Slowinski, Jesus Artalejo, Jean-Charles. Billaut, Robert Dyson and Lorenzo Peccati

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