Extreme risk analysis of interdependent economic and infrastructure sectors.

@article{Lian2007ExtremeRA,
  title={Extreme risk analysis of interdependent economic and infrastructure sectors.},
  author={Chenyang Lian and Joost R. Santos and Yacov Y. Haimes},
  journal={Risk analysis : an official publication of the Society for Risk Analysis},
  year={2007},
  volume={27 4},
  pages={1053-64}
}
Willful attacks or natural disasters pose extreme risks to sectors of the economy. An extreme-event analysis extension is proposed for the Inoperability Input-Output Model (IIM) and the Dynamic IIM (DIIM), which are analytical methodologies for assessing the propagated consequences of initial disruptions to a set of sectors. The article discusses two major risk categories that the economy typically experiences following extreme events: (i) significant changes in consumption patterns due to… CONTINUE READING
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