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Performance and protection in an adaptive transaction model

Performance and protection in an adaptive transaction model Explores possibilities for simulating the effects of continuous disruptions to an economy using a multi‐sector social accounting model. The underlying thesis for the model is that disruptions (due to events ranging from potholes to earthquakes) are a constant and unavoidable aspect of development and that all institutions and production activities are structured and adapt over time so as to balance performance and protection. The first sections explain the role of input‐output tables, especially social accounts, as the basic framework for evaluating systemic vulnerability to disaster. The next sections explain the underlying behavioral components of the model: how the profile of protection versus disruption and costs of protection are determined, and how adaptation of the protection profile to changing events and societal discounting affects protection. In the final sections, these elements are integrated into a multi‐sector social accounting model of the Niagara Frontier region of New York State – affected by industrial decline and currency fluctuations is dependent on a major hydro‐electric power facility that is considered vulnerable to a variety of unscheduled events. Results focus on how disruptions and responses to them propagate over time and between actors. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Disaster Prevention and Management Emerald Publishing

Performance and protection in an adaptive transaction model

Disaster Prevention and Management , Volume 13 (4): 10 – Sep 1, 2004

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References (18)

Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0965-3562
DOI
10.1108/09653560410556492
Publisher site
See Article on Publisher Site

Abstract

Explores possibilities for simulating the effects of continuous disruptions to an economy using a multi‐sector social accounting model. The underlying thesis for the model is that disruptions (due to events ranging from potholes to earthquakes) are a constant and unavoidable aspect of development and that all institutions and production activities are structured and adapt over time so as to balance performance and protection. The first sections explain the role of input‐output tables, especially social accounts, as the basic framework for evaluating systemic vulnerability to disaster. The next sections explain the underlying behavioral components of the model: how the profile of protection versus disruption and costs of protection are determined, and how adaptation of the protection profile to changing events and societal discounting affects protection. In the final sections, these elements are integrated into a multi‐sector social accounting model of the Niagara Frontier region of New York State – affected by industrial decline and currency fluctuations is dependent on a major hydro‐electric power facility that is considered vulnerable to a variety of unscheduled events. Results focus on how disruptions and responses to them propagate over time and between actors.

Journal

Disaster Prevention and ManagementEmerald Publishing

Published: Sep 1, 2004

Keywords: Disasters; Risk management; Simulation; Input/output analysis; Social accounting

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