A value model for evaluating homeland security decisions

Keeney RL & von Winterfeldt D (2011). A value model for evaluating homeland security decisions. Risk Analysis 31 (9): 1470-1487. DOI:10.1111/j.1539-6924.2011.01597.x.

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Abstract

One of the most challenging tasks of homeland security policymakers is to allocate their limited resorces to reduce terrorism risks cost effectively. To accomplish this task, it is useful to develop a comprehensive set of homeland security objectives, metrics to measure each objective, a utility function, and value tradeoffs relevant for making homeland security investments. Together, these elements form a homeland security value model. This article develops a homeland security value model based on literatre reviews, a survey, and experience with building value models. The purposes of the article are to motivate the use of a value model for homeland security decision making and to illustrate its use to assess terrorism risks, assess the benefits of countermeasures, and develop a severity index for terrorism attacks.

Item Type: Article
Uncontrolled Keywords: DHS decisions; Identifying objectives; Severity index; Utility function; Value tradeoffs
Research Programs: Directorate (DIR)
Bibliographic Reference: Risk Analysis; 31(9):1470-1487 (September 2011) (Published online 9 March 2011)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:45
Last Modified: 25 Feb 2016 08:34
URI: http://pure.iiasa.ac.at/9511

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