On decision optimality of terrorism risk mitigation measures for iconic bridges. (August 2019)
- Record Type:
- Journal Article
- Title:
- On decision optimality of terrorism risk mitigation measures for iconic bridges. (August 2019)
- Main Title:
- On decision optimality of terrorism risk mitigation measures for iconic bridges
- Authors:
- Thöns, Sebastian
Stewart, Mark G. - Abstract:
- Highlights: Utilization of the Bayesian probability, utility and decision analysis. Consistent assessment of information acquirement and physical mitigation strategies. Identification of optimal, significant and efficient strategies before implementation. Abstract: This paper describes the assessment of the cost efficiency of risk mitigation strategies for terrorist attacks with Improvised Explosive Devices (IEDs) for an iconic bridge structure. The assessment is performed with a decision theoretical framework building upon very recent advances in the COST Action TU1402 on Quantifying the Value of Structural Heath Monitoring. The decision scenario is formulated for a decision maker constituting an authority responsible for the societal safety of the infrastructure and consequently the direct risks for the infrastructure owner and the indirect risk due to fatalities and importance of the infrastructure are considered. The mitigation strategies are classified within the decision theoretical context as prior analyses for the assessment of protection strategies and as control strategies requiring a pre-posterior decision analysis. The identification of efficient risk mitigation strategies is based (1) on the risk and expected cost based optimization of actions and information and their combination before implementation, (2) on quantifying and ensuring the significance in risk and expected cost reduction and (3) on quantifying and ensuring a high probability of cost efficiency.Highlights: Utilization of the Bayesian probability, utility and decision analysis. Consistent assessment of information acquirement and physical mitigation strategies. Identification of optimal, significant and efficient strategies before implementation. Abstract: This paper describes the assessment of the cost efficiency of risk mitigation strategies for terrorist attacks with Improvised Explosive Devices (IEDs) for an iconic bridge structure. The assessment is performed with a decision theoretical framework building upon very recent advances in the COST Action TU1402 on Quantifying the Value of Structural Heath Monitoring. The decision scenario is formulated for a decision maker constituting an authority responsible for the societal safety of the infrastructure and consequently the direct risks for the infrastructure owner and the indirect risk due to fatalities and importance of the infrastructure are considered. The mitigation strategies are classified within the decision theoretical context as prior analyses for the assessment of protection strategies and as control strategies requiring a pre-posterior decision analysis. The identification of efficient risk mitigation strategies is based (1) on the risk and expected cost based optimization of actions and information and their combination before implementation, (2) on quantifying and ensuring the significance in risk and expected cost reduction and (3) on quantifying and ensuring a high probability of cost efficiency. These criteria, i.e. the optimality, significance and efficiency ensure the performance of the strategies at the decision point in time before implementation. It is found that the strategies are relying on the identification of the threat level and that control strategies are in favor as their significance and probability of efficiency are higher and their costs are adjustable. However, for high threat levels, both the bridge protection strategies and control strategies are cost efficient. … (more)
- Is Part Of:
- Reliability engineering & system safety. Volume 188(2019)
- Journal:
- Reliability engineering & system safety
- Issue:
- Volume 188(2019)
- Issue Display:
- Volume 188, Issue 2019 (2019)
- Year:
- 2019
- Volume:
- 188
- Issue:
- 2019
- Issue Sort Value:
- 2019-0188-2019-0000
- Page Start:
- 574
- Page End:
- 583
- Publication Date:
- 2019-08
- Subjects:
- Bayesian probability, utility and decision analysis -- Terrorist attacks -- Risk reduction -- Value of information -- Decision optimality
Reliability (Engineering) -- Periodicals
System safety -- Periodicals
Industrial safety -- Periodicals
Fiabilité -- Périodiques
Sécurité des systèmes -- Périodiques
Sécurité du travail -- Périodiques
620.00452 - Journal URLs:
- http://www.sciencedirect.com/science/journal/09518320 ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.ress.2019.03.049 ↗
- Languages:
- English
- ISSNs:
- 0951-8320
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 7356.422700
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 10144.xml