A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

    4 Citations (Scopus)

    Abstract

    The paper proposes a preliminary framework for integrating economic evaluation and risk assessment. It is aimed at policymakers and intended to support decision-making on security measures. The purpose of the paper is to contribute to the understanding of security-related decision-making, addressing how to ensure that the most suitable security measures get appropriate focus and that the goals for the decisions can be reached. The paper is based on the preliminary results of ValueSec ('Mastering the Value Function of Security Measures'), a project in the European Commission's 7th Framework Programme.
    Original languageEnglish
    Title of host publicationProceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference
    Subtitle of host publicationPSAM11 ESREL 2012
    Pages4392-4402
    Volume6
    Publication statusPublished - 2012
    MoE publication typeA4 Article in a conference publication
    Event11th International Probabilistic Safety Assessment and Management Conference and The Annual European Safety and Reliability Conference, PSAM11 & ESREL 2012 - Helsinki, Finland
    Duration: 25 Jun 201229 Jun 2012

    Conference

    Conference11th International Probabilistic Safety Assessment and Management Conference and The Annual European Safety and Reliability Conference, PSAM11 & ESREL 2012
    CountryFinland
    CityHelsinki
    Period25/06/1229/06/12

    Fingerprint

    risk assessment
    evaluation
    economics
    decision making
    European Commission

    Keywords

    • security measure
    • risk assessment
    • economic evaluation
    • security Decision-making

    Cite this

    Räikkönen, M., Rosqvist, T., Poussa, L., & Jähi, M. (2012). A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions. In Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference: PSAM11 ESREL 2012 (Vol. 6, pp. 4392-4402)
    Räikkönen, Minna ; Rosqvist, Tony ; Poussa, Liisa ; Jähi, Markus. / A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions. Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference: PSAM11 ESREL 2012. Vol. 6 2012. pp. 4392-4402
    @inproceedings{03f73631c76f47df9303484d11a40b90,
    title = "A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions",
    abstract = "The paper proposes a preliminary framework for integrating economic evaluation and risk assessment. It is aimed at policymakers and intended to support decision-making on security measures. The purpose of the paper is to contribute to the understanding of security-related decision-making, addressing how to ensure that the most suitable security measures get appropriate focus and that the goals for the decisions can be reached. The paper is based on the preliminary results of ValueSec ('Mastering the Value Function of Security Measures'), a project in the European Commission's 7th Framework Programme.",
    keywords = "security measure, risk assessment, economic evaluation, security Decision-making",
    author = "Minna R{\"a}ikk{\"o}nen and Tony Rosqvist and Liisa Poussa and Markus J{\"a}hi",
    note = "Project code: 39968",
    year = "2012",
    language = "English",
    isbn = "978-1-62276-436-5",
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    booktitle = "Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference",

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    Räikkönen, M, Rosqvist, T, Poussa, L & Jähi, M 2012, A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions. in Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference: PSAM11 ESREL 2012. vol. 6, pp. 4392-4402, 11th International Probabilistic Safety Assessment and Management Conference and The Annual European Safety and Reliability Conference, PSAM11 & ESREL 2012, Helsinki, Finland, 25/06/12.

    A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions. / Räikkönen, Minna; Rosqvist, Tony; Poussa, Liisa; Jähi, Markus.

    Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference: PSAM11 ESREL 2012. Vol. 6 2012. p. 4392-4402.

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review

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    T1 - A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions

    AU - Räikkönen, Minna

    AU - Rosqvist, Tony

    AU - Poussa, Liisa

    AU - Jähi, Markus

    N1 - Project code: 39968

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    N2 - The paper proposes a preliminary framework for integrating economic evaluation and risk assessment. It is aimed at policymakers and intended to support decision-making on security measures. The purpose of the paper is to contribute to the understanding of security-related decision-making, addressing how to ensure that the most suitable security measures get appropriate focus and that the goals for the decisions can be reached. The paper is based on the preliminary results of ValueSec ('Mastering the Value Function of Security Measures'), a project in the European Commission's 7th Framework Programme.

    AB - The paper proposes a preliminary framework for integrating economic evaluation and risk assessment. It is aimed at policymakers and intended to support decision-making on security measures. The purpose of the paper is to contribute to the understanding of security-related decision-making, addressing how to ensure that the most suitable security measures get appropriate focus and that the goals for the decisions can be reached. The paper is based on the preliminary results of ValueSec ('Mastering the Value Function of Security Measures'), a project in the European Commission's 7th Framework Programme.

    KW - security measure

    KW - risk assessment

    KW - economic evaluation

    KW - security Decision-making

    M3 - Conference article in proceedings

    SN - 978-1-62276-436-5

    VL - 6

    SP - 4392

    EP - 4402

    BT - Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference

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    Räikkönen M, Rosqvist T, Poussa L, Jähi M. A Framework for Integrating Economic Evaluation and Risk Assessment to Support Policymakers' Security-related Decisions. In Proceedings of the 11th International Probabilistic Safety Assessment and Management Conference & The Annual European Safety and Reliability Conference: PSAM11 ESREL 2012. Vol. 6. 2012. p. 4392-4402