SRA WEBINAR: NEW DEVELOPMENTS IN RESILIENCE RESEARCH
Wednesday, May 4, 2022
8:00 am PDT/11:00 am EDT
CREATE Fellow and Director Emeritus Adam Rose will co-present a Society for Risk Analysis (SRA) webinar on new developments in resilience research. The webinar will summarize recent advances in research on resilience along two lines:
Quantifying Resilience of Individual Businesses and Supply Chains
Recent survey research has been able to evaluate the cost-effectiveness of resilience at the level of the individual firm. This research will be summarized, including its utilization in the development of a decision-support software tool called the Business Resilience Calculator. In addition, recent simulation studies of resilience at the regional and national levels have shed light on the extent of the sectoral and spatial spread of disaster consequences and the ability of resilience to mute them. This research will be summarized, including applications to COVID, cyber-attack, earthquake, and seaport disruptions.
Quantifying Resilience of Infrastructure-of-Infrastructures
Our society can be seen as a (very complex – and, generally, aged) infrastructure-of-infrastructures. The successful and reliable operation of this societal infrastructure as a whole depends and relies on successful operation of the single infrastructures, such as water supply, transportation, energy supply, IT systems, but that alone does not and cannot guarantee the resilience of the system as a whole. The above concepts and ideas will be “plotted” on to the background of large EU research projects: the projects have developed a metrics (based on indicators) which can help quantify resilience of the critical infrastructures facing future, new and/or unknown risks.
Adam Rose, Research Professor in the University of Southern California Sol Price School of Public Policy, and Director Emeritus of USC’s Center for Risk and Economic Analysis of Threats and Emergencies (CREATE)
Aleksandar Jovanović, CEO of the Steinbeis EU-VRi The European Risk & Resilience Institute, and professor at Steinbeis University Berlin, Germany, currently visiting professor at ETH Zürich, Switzerland