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
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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.",
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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

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AU - Rosqvist, Tony

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AU - Jähi, Markus

N1 - Project code: 39968

PY - 2012

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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.

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KW - risk assessment

KW - economic evaluation

KW - security Decision-making

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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