Understanding Sources of Economic Resiliency to Hazards: Modeling the Behavior of Lifeline Service Customers (2001-2003)
نویسندگان
چکیده
This research refines computable general equilibrium (CGE) modeling for estimating business interruption losses from utilities lifeline disruptions and for estimating the reduction of losses (benefits) from mitigation. The behavioral content of CGE production functions is shown to be able to embody the adaptive behavior of lifeline utility service demand in particular and business operations in general. The individual response types (e.g., conservation, input substitution, import substitution) are linked to specific parameters of these functions. The research also develops algorithms for modifying the parameters on the basis of engineering simulations and empirical data. Also, economic resiliency is defined at the levels of the individual business and of the regional economy as a whole. Understanding Sources of Economic Resiliency to Hazards: Modeling the Behavior of Lifeline Service Customers
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