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Terrorism Risk Models: The Need for Common Measures PUBLIC ACCESS

[+] Author Affiliations
Richard E. Feigel

The Hartford Steam Boiler Inspection & Insurance Company, Hartford, CT

Paper No. PVP2003-1807, pp. 291; 1 page
doi:10.1115/PVP2003-1807
From:
  • ASME 2003 Pressure Vessels and Piping Conference
  • Pressure Vessel and Piping Codes and Standards
  • Cleveland, Ohio, USA, July 20–24, 2003
  • Conference Sponsors: Pressure Vessels and Piping Division
  • ISBN: 0-7918-1694-X
  • Copyright © 2003 by ASME

abstract

From the hot dog vendor located near a national monument to a multinational corporation with operations and significant assets around the world, we are all faced with decisions about addressing terrorism. Since the events of 9/11, enormous amounts of financial and intellectual capital have been invested to develop security responses to potential terrorism threats. Beyond specific, focused initiatives — most visibly increased airport security — a plethora of risk models have been (or are being) developed. Ostensibly, these models attempt to address the basic risk proposition: Risk = Frequency * Severity .

Copyright © 2003 by ASME
This article is only available in the PDF format.

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