A Risk Scenario for Small Businesses in Hurricane Sandy Type Disasters

dc.contributor.author Hendela, Arthur
dc.contributor.author Turoff, Murray
dc.contributor.author Hiltz, Starr Roxanne
dc.contributor.author Fjermestad, Jerry
dc.date.accessioned 2016-12-29T00:11:34Z
dc.date.available 2016-12-29T00:11:34Z
dc.date.issued 2017-01-04
dc.description.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.
dc.format.extent 10 pages
dc.identifier.doi 10.24251/HICSS.2017.031
dc.identifier.isbn 978-0-9981331-0-2
dc.identifier.uri http://hdl.handle.net/10125/41180
dc.language.iso eng
dc.relation.ispartof Proceedings of the 50th Hawaii International Conference on System Sciences
dc.rights Attribution-NonCommercial-NoDerivatives 4.0 International
dc.rights.uri https://creativecommons.org/licenses/by-nc-nd/4.0/
dc.subject Business Continuity Planning
dc.subject Cross Impact Analysis
dc.subject Interpretive Structural Modelling
dc.subject Scenario Development
dc.subject Small Business Risk Analysis
dc.title A Risk Scenario for Small Businesses in Hurricane Sandy Type Disasters
dc.type Conference Paper
dc.type.dcmi Text
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