On the difference between risk management and resilience management for critical infrastructures

Stefan Goessling-Reisemann and Pablo Thier

Chapter 8 in Handbook on Resilience of Socio-Technical Systems, 2019, pp 117-135 from Edward Elgar Publishing

Abstract: Risk management and resilience management share important features and they both aim at preparing systems for uncertain threats or stressors and their impacts. Still, the level of uncertainty regarding stressors and impacts, the type of systems addressed and the systems’ dynamics allow for a distinction between the applicability of either risk or resilience management. This chapter provides a short introduction to the specifics of each strategy for coping with uncertainty and presents guidelines for designing a resilient critical infrastructure.

Keywords: Economics and Finance; Environment; Innovations and Technology; Politics and Public Policy (search for similar items in EconPapers)
Date: 2019
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