Article ID: | iaor20164562 |
Volume: | 12 |
Issue: | 4 |
Start Page Number: | 155 |
End Page Number: | 172 |
Publication Date: | Dec 2015 |
Journal: | Decision Analysis |
Authors: | Guikema Seth D, Samuel Andrew, Reilly Allison C |
Keywords: | economics, simulation, investment |
Supporting strong, resilient, and integrated critical infrastructure is vital to upholding the U.S. economy and its national security. Arguably, no sector of the economy could exist without the reliable and predictable networks on which it depends. To date, the research on interdependent infrastructure has concentrated on describing the sources of the dependencies and developing models for predicting performance and cascading disruptions after a hazardous event. However, these models fail to capture the perspective of the operators of these networks and how competing, independent objectives lead to suboptimal investment decisions and hence suboptimal network performance. Rather than focus on