Economic Decision Guide Software (EDGe

Helgeson, Jennifer; Zhang, Peter J.

doi:10.6028/nist.sp.1260

Cited by 4 publications

(8 citation statements)

References 9 publications

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“…The ASTM E3130-21 Standard Guide for Developing Cost-Effective Community Resilience Strategies is the foundation for the methods of the "Economic Decision Guide" [2]. The use of EDGe$ is therefore consistent with this standard [1]. Furthermore, the ASTM E3350-22 Standard Guide for Community Resilience Planning for Buildings and Infrastructure reflects guidance in the NIST Community Resilience Planning Guide for Buildings and Infrastructure Systems [4] and references ASTM E3130-21.…”

Section: Economic Decision Guide Software (Edge$) Online Tool Summarymentioning

confidence: 93%

“…The Economic Decision Guide Software (EDGe$) Online Tool provides an interactive online application for selecting cost-effective community resilience projects [1], leveraging the technique first introduced in the "Economic Decision Guide for buildings and infrastructure systems." [2][3].…”

Section: Economic Decision Guide Software (Edge$) Online Tool Summarymentioning

confidence: 99%

“…The fictitious case study used for this report was initially developed for and described in NIST Special Publication 1260 [1]. The current Special Publication builds upon that analysis to include loss amplification and risk aversion parameters and analyses.…”

Section: Presidential Library Wui Case Study Overviewmentioning

confidence: 99%

“…To build a new library in Oxnard. The specifics of each option will be documented here as input data for EDGe$, and they are detailed more closely in SP1260 [1]. The retrofit option includes expenditures to mitigate the risk of wildfire disaster impacts, as well as to enhance the environmental impact characteristics of the existing structure.…”

Section: Presidential Library Wui Case Study Overviewmentioning

confidence: 99%

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Economic decision guide software (EDGe$) with loss amplification and risk aversion:

Elsibaie,

Ayyub,

Helgeson

et al. 2023

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This report demonstrates by examples and case study as a proof of concept the use of loss amplification and risk aversion in benefit cost analysis (BCA) for community resilience planning. The report uses the NIST Economic Decision Guide Software (EDGe$) Online Tool, which assesses the economic feasibility of community resilience alternatives. Loss amplification arises from a catastrophe modeling method used to represent the increased costs associated with repair activity during a demand surge after a large catastrophe. Risk aversion is a measure of a community’s (or other entity’s) preference to avoid uncertainty. Risk aversion parameters can be used to compute certainty equivalent payoffs from uncertain payoffs and specific levels of risk aversion. A fictitious case study of wildfire disaster planning of a wildland-urban interface (WUI) is employed to demonstrate these two model enhancements (i.e., loss amplification and risk aversion) and their effects on the economic indicator outputs from EDGe$. The presented case study evaluates a binary development choice related to the resilience of a large presidential library from the perspective of two neighboring communities.

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Section: Economic Decision Guide Software (Edge$) Online Tool Summarymentioning

confidence: 93%

Section: Economic Decision Guide Software (Edge$) Online Tool Summarymentioning

confidence: 99%

Section: Presidential Library Wui Case Study Overviewmentioning

confidence: 99%

Section: Presidential Library Wui Case Study Overviewmentioning

confidence: 99%

See 2 more Smart Citations

Economic decision guide software (EDGe$) with loss amplification and risk aversion:

Elsibaie,

Ayyub,

Helgeson

et al. 2023

View full text Add to dashboard Cite

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“…NIST is facilitating the development of an online tool that will contribute to strengthening America's infrastructure focused on transportation lifeline systems. The project will advance recent work by the U.S. Federal Highway Administration (FHWA) ("Framework for Infrastructure Resilience and Post-Hazard Response" -FHWA-PROJ-19-0034, report not yet published) and NIST Edge$, Economic Decision Guide Software [3], as well as FEMA's Hazus framework [4]. The project will combine these efforts into a single tool that will support decisions on how to maximize earthquake resilience of a highway network while optimizing the investment of financial resources.…”

Section: Ongoing Nist Effort -Decision Support Tool For Transportatio...mentioning

confidence: 98%

NIST transportation systems and functional recovery workshop report

Beyzaei,

Johnson,

Nikolaou

et al. 2023

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Current codes and standards for seismic design are based on a life-safety approach, meaning that the focus is on saving lives when an earthquake occurs. The most recent reauthorization of the National Earthquake Hazards Reduction Program (NEHRP), P.L. 115-307 recognizes that to strengthen America’s resilience to earthquakes, it is necessary to advance beyond a life-safety approach towards also preserving the functionality of buildings and lifeline infrastructure systems. This would enable community members to return to their homes and businesses, and resume community activities, more quickly after an earthquake occurs. One new target under development for extending performance beyond life safety is referred to as “functional recovery.” A committee of subject matter experts organized by the National Institute of Standards and Technology (NIST) and the Federal Emergency Management Agency (FEMA) identified options and recommendations for moving the Nation towards functional recovery in a report titled “FEMA P-2090/NIST SP-1254: Recommended options for improving the built environment for post-earthquake reoccupancy and functional recovery time”, or the “NISTFEMA Report.” Recommendation 1 from the NIST-FEMA Report provides an overarching recommendation to “Develop a Framework for Post-Earthquake Reoccupancy and Functional Recovery Objectives.” Recommendation 4 from the NIST-FEMA Report addresses lifeline infrastructure systems, with the recommendation being to “Design, Upgrade, and Maintain Lifeline Infrastructure Systems to Meet Recovery-Based Objectives.” Lifeline infrastructure systems include transportation systems such as roads, highways, bridges, rail, and ports. This document summarizes a NIST-organized workshop held in September 2022 on transportation systems and functional recovery. The event enabled discussion, knowledge transfer, and interaction with subject matter experts from both research and practitioner backgrounds on mechanisms for improving functional recovery and resilience of transportation systems for earthquake events. Invited speakers were selected to provide representation from diverse groups and presentations were shared on both research and practical projects or programs, including from the Federal Highway Administration (FHWA). Informed by past projects and interactions with FHWA, the topical areas for presentations were designed to provide workshop attendees with an overview of cutting-edge research, practice, and ongoing federal programs to broaden perspectives and stimulate cross-disciplinary insights throughout the day. The workshop also included breakout sessions, report-outs, and discussion among workshop attendees on key questions to identify the current status, challenges, priorities, and future vision for transportation systems and functional recovery. This effort is a continuation of earlier efforts in developing the NIST-FEMA Report to explore options for functional recovery and is not intended to set any functional recovery goals or recovery times for transportation systems. It is intended provide insights on functional recovery and transportation systems and inform development of a functional recovery framework. This report details the discussion and important themes that emerged from the workshop. The insights gained from the workshop will help to identify research needs and paths forward to continue working toward Recommendation 1 and Recommendation 4 of the NIST-FEMA Report.

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