Using return on investment and resiliency return on investment for preparedness
成果类型：
Editorial Material
署名作者：
Smith, James F. F.
刊物名称：
PUBLIC ADMINISTRATION REVIEW
ISSN/ISSBN：
0033-3352
DOI：
10.1111/puar.13677
发表日期：
2024
页码：
213-217
关键词：
摘要：
Return on investment (ROI) has long been accepted as a primary tool for decision-making for capital investments and even choices among competing operational budget lines. Applying ROI to investments intended to prevent or mitigate future risks and hazards can be very difficult, as benefits are typically arduous to define and calculate while risk probabilities can be very small. This paper uses examples from recent research concerning law enforcement, airport security, and airport resiliency to illustrate the feasibility of computing ROI and resiliency ROI ( RROI) for such investments and to suggest methodology to approach these computations. Evidence for practice This paper gives examples of computing the hard and soft benefits of investments in resiliency taken from recent research into law enforcement and airports. It makes the case that the difficult process of quantifying soft benefits is worthwhile as ROI remains a key factor in senior management and governing body decisions on investment.