Findings from United States Army Provide New Insights into Risk Management (Tiered Approach to Resilience Assessment)

By a News Reporter-Staff News Editor at Insurance Weekly News -- Current study results on Risk Management have been published. According to news reporting originating in Washington, District of Columbia, by VerticalNews journalists, research stated, "Regulatory agencies have long adopted a three-tier framework for risk assessment. We build on this structure to propose a tiered approach for resilience assessment that can be integrated into the existing regulatory processes."

The news reporters obtained a quote from the research from United States Army, "Comprehensive approaches to assessing resilience at appropriate and operational scales, reconciling analytical complexity as needed with stakeholder needs and resources available, and ultimately creating actionable recommendations to enhance resilience are still lacking. Our proposed framework consists of tiers by which analysts can select resilience assessment and decision support tools to inform associated management actions relative to the scope and urgency of the risk and the capacity of resource managers to improve system resilience. The resilience management framework proposed is not intended to supplant either risk management or the many existing efforts of resilience quantification method development, but instead provide a guide to selecting tools that are appropriate for the given analytic need."

According to the news reporters, the research concluded: "The goal of this tiered approach is to intentionally parallel the tiered approach used in regulatory contexts so that resilience assessment might be more easily and quickly integrated into existing structures and with existing policies."

For more information on this research see: Tiered Approach to Resilience Assessment. Risk Analysis, 2018;38(9):1772-1780. Risk Analysis can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - www.wiley.com/; Risk Analysis - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1539-6924)

Our news correspondents report that additional information may be obtained by contacting I. Linkov, US Army, Corp Engineers, Washington, DC 20310, United States. Additional authors for this research include C. Fox-Lent, L. Read, C.R. Allen, J.C. Arnott, E. Bellini, J. Coaffee, M.V. Florin, K. Hatfield, I. Hyde, W. Hynes, A. Jovanovic, R. Kasperson, J. Katzenberger, P.W. Keys, J.H. Lambert, R. Moss, P.S. Murdoch and Palma-Oliveira.

(Our reports deliver fact-based news of research and discoveries from around the world.)