Risk response allocation model: A linear approach using perceived and technical risk

Authors:
Max Peter Hoefer;S. Basheer Ahmed
Affiliations:
(Correspd. Tel.: +1 212 618 6595/ Fax: +1 212 618 6595/ E-mail: phoefer@pace.edu) Pace University, 1 Pace Plaza, New York, NY, USA;Pearce Consulting Services, 1911 N Fort Myer Drive, Suite 1100, Arlington, VA, USA
Venue:
Information-Knowledge-Systems Management
Year:
2010

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Abstract

Governmental agencies, such as the Department of Homeland Security in the United States, are required to distribute resources to different governmental units and locations in response to risk associated with various natural and man-made threats. There are always significant political arguments about how to distribute, and who should receive, significant resources in reaction to threat. This paper describes a general framework methodology for consistently allocating resources. The end result is a model that is concerned with risk perception and technical risk evaluation and not political obfuscation.