Decentralized risk management for strategic preparedness of critical infrastructure through decomposition of the inoperability input–output model

Kenneth G. Crowther

International Journal of Critical Infrastructure Protection, 2008, vol. 1, issue C, 53-67

Abstract: Recent disasters and terrorist attacks have increased the demand on the US government in assuring the safety and reliability of the nation’s critical infrastructure. The response of the US Department of Homeland security, as set forth by the National Infrastructure Protection Plan (NIPP) is to decentralize much of the risk assessment and strategic decision-making processes to the owners and operators of the critical infrastructure. Although, this decentralization method has many advantages, it may provide a solution that is inferior to a comprehensive centralized approach. This manuscript develops a multi-objective strategic preparedness problem that is constrained by distinctive model features of an interdependent, regional socio-economic system. The model is a generalization of the nation’s critical infrastructure protection problem that focuses on commodity transaction between economic sectors. The strategic preparedness problem is solved by various decomposition methods, to illustrate the complexity of a decentralized risk management process of a system that is pregnant with interdependencies.

Keywords: Strategic preparedness; Decentralized risk management; Multi-objective trade-off analysis; Economic interdependency; Inoperability input–output model (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ijocip:v:1:y:2008:i:c:p:53-67

DOI: 10.1016/j.ijcip.2008.08.009

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