Risk analysis in interdependent infrastructures

Abstract

Human activities are defined and influenced by interdependent engineered and socioeconomic systems. In particular, the global economy is increasingly dependent on an interconnected web of infrastructures that permit hitherto unfathomable rates of information exchange, commodity flow and personal mobility. The interconnectedness and interdependencies exhibited by these infrastructures enable them to provide the quality of life to which we have become accustomed and, at the same time, expose seemingly robust and secure systems to risk to which they would otherwise not be subjected. This paper examines several analytical methodologies for risk assessment and management of interdependent macroeconomic and infrastructure systems. They include models for estimating the economic impact of disruptive events, describing complex systems from multiple perspectives, combining sparse data to enhance estimation, and assessing the risk of cyber attack on process control systems. © 2008 International Federation for Information Processin.