An integrated interval programming and input–output knowledge model for risk and resiliency management

Pamucar, Dragan; Sarkar, Bishal Dey; Shardeo, Vipulesh; Soni, Tarun Kumar; Dwivedi, Ashish

doi:10.1016/j.dajour.2023.100317

Cited by 4 publications

(3 citation statements)

References 36 publications

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“…Mascaretti et al (2022) provide an extensive list of researchers, who underline OECD's input-output tables -IOTs (OECD, 2022)being a powerful instrument, used to represent and analyse the production structure of an economy, perform impact analysis, or estimate the effects of various shocks, affecting economic activity at different geographic levels. Pamucar et al (2023) (Eurostat, 2013). In other words, it consists of country's goods and services that are either transformed or used up by the production process.…”

Section: Resilience Evaluation Methodsmentioning

confidence: 99%

Measuring Economic Resilience through Industrial Portfolio: The Cases of New EU Member States Since 2004

Montrimas,

Bruneckienė,

Gižienė

2023

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The relevance of economic resilience topic is increasingly growing, still mixed results prevail in academic research. Resilience research typically concentrates on the Western European region. The research gap appears in focus towards the East since the concept of economic resilience is context dependent. By adapting the calculation mechanism of Martin and Gardiner (2019) to national level, we empirically analysed the economic resilience of 10 Southern and Eastern European countries between 2004 and 2020. We found common competition-related structural changes suggesting where to look for possible consistencies when analysing resilience: countries rarely change industrial portfolios when resist to shocks, unless specific or longer lasting production chain disruptions occur; individual properties dominate when countries recover from shocks, although common industrial portfolio shifts evident in manufacturing, and real estate industries. Results provide an original methodology and initial basis for the development of nation-specific policies to increase economic resilience and structural reforms effectiveness.

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Section: Resilience Evaluation Methodsmentioning

confidence: 99%

Measuring Economic Resilience through Industrial Portfolio: The Cases of New EU Member States Since 2004

Montrimas,

Bruneckienė,

Gižienė

2023

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“…Mascaretti et al (2022) underlined the OECD's IOTs as powerful instruments for representing and analysing the production structure of an economy, performing impact analyses or estimating the effect of various shocks at different geographic levels. Pamucar et al (2023) employed the IOTs to model the industrial interdependencies through the product inputs. IC consists of a country's goods and services that are either consumed or transformed during the production process (Eurostat, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

Measuring national economic resilience through industrial portfolios

Montrimas,

Bruneckienė,

Navickas

et al. 2024

Journal of International Studies

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Even though the importance of economic resilience has increased as economic shocks have become more frequent in the world, there is still a knowledge gap on how to measure it. In search for effective ways to measure national resilience, this article identifies and mathematically proves the existence of direct correlation between resilience and competitiveness through time-specific global correlation rate. This research proposes an economic performance evaluation method that measures the competitiveness of countries facing economic shocks and recovering from them. A quantified method for identification of global economic shocks through industrial portfolio is proposed as well. The holistic approach internalises most externalities and a nation’s resilience is pared down to its ability to compete in the international trade, linking the main determinants of resilience to the basics of human behaviour. The proposed methodology can be used effectively for national and global economic performance estimations. It also opens a range of new possibilities for economic resilience studies.

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“…By meticulously quantifying stress factors, potential failures, and their consequences, these models empower decision makers to proactively identify vulnerabilities and allocate safety investments more effectively [22]. Additionally, mathematical modeling excels in handling unpredictability in high-risk environments, enabling an assessment of the effects of varying conditions and unforeseen events [23]. Consequently, it aids in safeguarding lives and assets but, above all, fosters a proactive approach to risk mitigation for critical systems, making them resilient in the face of the unknown.…”

Section: Existing Modeling Approachesmentioning

confidence: 99%

A Recommendation System Supporting the Implementation of Sustainable Risk Management Measures in Airport Operations

Carpitella,

Brentan,

Certa

et al. 2023

Algorithms

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This paper introduces a recommendation system aimed at enhancing the sustainable process of risk management within airport operations, with a special focus on Occupational Stress Risks (OSRs). The recommendation system is implemented via a flexible Python code that offers seamless integration into various operational contexts. It leverages Fuzzy Cognitive Maps (FCMs) to conduct comprehensive risk assessments, subsequently generating prioritized recommendations for predefined risk management measures aimed at preventing and/or reducing the most critical OSRs. The system’s reliability has been validated by iterating the procedure with diverse input data (i.e., matrices of varying sizes) and measures. This confirms the system’s effectiveness across a broad spectrum of engineering scenarios.

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An integrated interval programming and input–output knowledge model for risk and resiliency management

Cited by 4 publications

References 36 publications

Measuring Economic Resilience through Industrial Portfolio: The Cases of New EU Member States Since 2004

Measuring Economic Resilience through Industrial Portfolio: The Cases of New EU Member States Since 2004

Measuring national economic resilience through industrial portfolios

A Recommendation System Supporting the Implementation of Sustainable Risk Management Measures in Airport Operations

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