A risk scenario for small businesses in hurricane sandy type disasters

Arthur H. Hendela, Murray Turoff, Starr Roxanne Hiltz, Jerry L. Fjermestad

Research output: Chapter in Book/Report/Conference proceedingConference contribution

5 Scopus citations

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.

Original languageEnglish (US)
Title of host publicationProceedings of the 50th Annual Hawaii International Conference on System Sciences, HICSS 2017
EditorsTung X. Bui, Ralph Sprague
PublisherIEEE Computer Society
Pages257-266
Number of pages10
ISBN (Electronic)9780998133102
StatePublished - 2017
Event50th Annual Hawaii International Conference on System Sciences, HICSS 2017 - Big Island, United States
Duration: Jan 3 2017Jan 7 2017

Publication series

NameProceedings of the Annual Hawaii International Conference on System Sciences
Volume2017-January
ISSN (Print)1530-1605

Conference

Conference50th Annual Hawaii International Conference on System Sciences, HICSS 2017
Country/TerritoryUnited States
CityBig Island
Period1/3/171/7/17

All Science Journal Classification (ASJC) codes

  • Engineering(all)

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