Development & Use of the Business Resilience Calculator

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Overview

The Business Resilience Calculator (BRC) is a decision-support tool a business can use to evaluate its capability to respond to disasters and to help guide improvement in its business continuity. It is designed to exceed the capabilities of other currently available business resilience software products on the market today. The BRC is designed to help improve business disaster recovery through its grounding in economic theory, solid underlying data based on surveys of actual experience with disasters, and cutting-edge econometric analysis. It is designed with individual businesses in mind, as well as public and non-profit sector agencies tasked with providing support and assistance in building disaster resilience in the business community.

The Principal Investigators will present the background, development history, and underlying research involved in the creation of the software tool. They will also provide an overview demonstration of a pre-release version of the tool especially geared toward COVID-19, and respond to questions from the audience. The talk will be structured primarily for practitioners in industry and government interested in using the software but should also be of interest to researchers in a variety of disciplines.

Bios

Noah Dormady is an associate professor of public policy at the John Glenn College of Public Affairs at Ohio State. He works in two main areas: energy and environmental markets, and economic analysis of disasters and disaster resilience. 

His work on the economic analysis of resilience has focused on the impacts of terrorism events and natural hazards on regional economies. This work provides insights and strategies for businesses and governments to minimize the severity of disasters and to hasten recovery thereafter.

 

Adam Rose is a Research Professor in the University of Southern California Sol Price School of Public Policy, and a faculty affiliate of USC’s Center for Risk and Economic Analysis of Terrorism Events (CREATE). Previously, he held faculty and department chair positions in applied economics departments at The Pennsylvania State University and West Virginia University, as well as a faculty positon at the University of California, Riverside. He received his PhD in economics from Cornell University, but has worked on interdisciplinary topics throughout most of his career.