DocumentCode
2370342
Title
The activating model of contingency plans within disruptive incidents
Author
Yu, Hui ; Chen, Jing-guang
Author_Institution
Sch. of Econ. & Bus. Adm., Chongqing Univ., Chongqing, China
fYear
2011
fDate
25-27 June 2011
Firstpage
1
Lastpage
5
Abstract
Disruptive incidents cause serious influence to our society, and how to deal with them effectively is an important problem for emergency managers. Contingency plans are the efficient methods to cope with disruptive incidents. This paper explores the problem that when the managers activate contingency plans under disruptive incidents. Firstly, we give activate modes of contingency plans; secondly, the activating model which based on real option theory and methods is constructed under the condition that the instantaneous loss caused by emergencies is uncertain; thirdly, we obtain the conditions that the critical instantaneous loss satisfied at the moment contingency plans activated; at last, how the uncertainty influence the critical instantaneous loss is analyzed, which perhaps has the certain enlightenment to emergency decision makers.
Keywords
disasters; emergency services; planning; public administration; contingency plan activating model; disruptive incident; emergency management; real option theory; Decision making; Industries; Investments; Sun; Supply chains; Timing; Uncertainty; Activating plans; Contingency plans; Disruptive incidents; Emergency management; Real option;
fLanguage
English
Publisher
ieee
Conference_Titel
Service Systems and Service Management (ICSSSM), 2011 8th International Conference on
Conference_Location
Tianjin
ISSN
2161-1890
Print_ISBN
978-1-61284-310-0
Type
conf
DOI
10.1109/ICSSSM.2011.5959506
Filename
5959506
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