A risk scenario for small businesses in hurricane sandy type disasters

Document Type

Conference Proceeding

Publication Date

1-1-2017

Abstract

This research uses a series of surveys followed by mathematical modeling to help discover risk factors, mitigating actions, and the highest return scenarios as a basis for a low-cost business continuity/disaster recovery plan. The surveys use a Delphi study format in order to rank a base list of risks and mitigating actions and to supplement those lists with ones added by the participants. Survey results are analyzed and presented back to the group for a second round of ranking and supplementing the risk/action categories. This paper describes the top ten risks and high value scenario for small business interruptions as determined by a Delphi survey of small businesses affected by Hurricane Sandy. The highest ranked risk is loss of business reputation. The research then uses Cross Impact Analysis and Interpretive Structural Modeling to determine the risk interactions and the highest valued scenario for which to prepare.

Identifier

85074865092 (Scopus)

ISBN

[9780998133102]

Publication Title

Proceedings of the Annual Hawaii International Conference on System Sciences

ISSN

15301605

First Page

257

Last Page

266

Volume

2017-January

Fund Ref

Universitetet i Agder

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