• 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