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Managing disruptive challenges is critical to progress and prosperity. The Resilience Series invites conversations on recent adversities that have impacted our society with an eye toward developing long-lasting strategies to mitigate, assess, predict, protect, educate and recover from natural hazards.

Infrastructure Resilience in the Spotlight: The Costs of Business Disruption of Infrastructure Services

About the Event
Hurricanes are a major destructive force. The potential damage to infrastructure, businesses and household assets represents only the beginning of the costs to society. Immediate damage is typically followed by the interruption of functionality for an extended period until various operations have recovered. For example, business interruption (BI) losses have actually exceeded the dollar value of property damage in cases such as Hurricane Katrina and Hurricane Harvey.

This presentation will explain how the total economic consequences of business and infrastructure can be accurately measured. First, supply-chain effects, which can exceed direct BI by several fold, need to be taken into account. Second, resilience, which refers to the implementation of tactics to utilize remaining resources more efficiently and accelerate repair and reconstruction needs to be incorporated into the analysis. Resilience has the potential to reduce BI by 50 to 75%.

This presentation will focus on the results of two studies of total BI losses stemming from two hurricanes in Texas. The first involves a simulation study of disruptions to the Beaumont/Port Arthur shipping complex. The second emanates from a study of the economic impacts from Hurricane Harvey.

[Michael Webber headshot]About the Speaker
Adam Rose is a Research Professor in the University of Southern California Sol Price School of Public Policy, and Senior Research Fellow at USC’s Center for Risk and Economic Analysis of Threats and Emergencies (CREATE). He has spearheaded the development of CREATE’s comprehensive economic consequence analysis framework and has done pioneering research on resilience at the level of the individual business/household, market/industry and regional/national economy. He is the author of several books and more than 250 peer-reviewed publications. Professor Rose has served as an advisor to the World Bank, United Nations, private industry and several federal, state and local government agencies. He is the recipient of several honors, including the Distinguished Research Award from the International Society for Integrated Risk Management. He is also an elected fellow of the Regional Science Association International.

July
29
Friday, July 29

The HuRRI Resilience Series

Infrastructure Resilience in the Spotlight:
The Costs of Business Disruption of Infrastructure Services
with Adam Rose

Noon — 1:30 p.m.

Once registered, Eventbrite will send an email to the event page where the link is posted. You will also receive an email from Eventbrite right before the event starts that will connect you to the seminar.

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The Hurricane Resilience Research Institute is a University Research Institute in the Division of Research.

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Hanadi Rifai, Director | Hurricane Resilience Reseach Institute
University of Houston
Houston, TX 77204

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