Document Type

Article

Publication Date

2011

DOI

10.2202/1547-7355.1533

Publication Title

Journal of Homeland Security and Emergency Management

Volume

8

Issue

1

Pages

1-15

Abstract

This article describes the Delayed Bang Approach for determining the value of risk management alternatives in critical infrastructure security. The discussion includes (1) the need for sustainable risk management (2) the importance of time valuation in evaluating competing loss prevention and loss reduction alternatives, (3) the convergence of deterministic engineering economics, survivability analysis, and probabilistic analysis, and (4) hypothetical examples of the Delayed-Bang Approach and significance towards more sustainable risk management.

Original Publication Citation

Pinto, C.A., McShane, M.K., & Pathak, A.S. (2011). Delayed-bang approach towards more sustainable critical infrastructure risk management. Journal of Homeland Security and Emergency Management, 8(1), 1-15. doi: 10.2202/1547-7355.1533