| The presentation will review key findings of a new book Terror, Security, and Money: Balancing the Risks, Benefits, and Costs of Homeland Security (Oxford University Press, October 2011) that uses risk-based decision theory to determine acceptability of risk which is crucial to prioritise security and protective measures against terrorist events. | |
| Venue | Engineers Australia Auditorium 122 Parry Street, Newcastle West, |
| Date | Wednesday, 15th February 2012 |
| Members Cost | Free |
| Non Members Cost | Free |
| Event Contact | Jo Papanicolaou |
| Contact Phone | 02 49264440 |
| Contact Email | jpapanicolaou@engineersaustralia.org.au |
| Hosted By | Civil / Structural Branch |
| Downloads | mark_stewart_flyer_15th_feb_20121.pdf(74KB) |
Professor Mark Stewart will assess terrorist threats to buildings and aviation infrastructure and the cost-effectiveness of protective and counter-terrorism measures. The presentation will describe a cost-benefit analysis that considers threat likelihood, cost of security measures, risk reduction and expected losses to compare the costs and benefits of security measures to decide which security measures are cost-effective, and those which are not.
Presenter: Professor Mark G Stewart
Professor Mark G. Stewart is Director of the Centre for Infrastructure Performance and Reliability at The University of Newcastle, Australia. He is co-author of several books and has written more than 300 technical papers and reports. He has more than 25 years of experience in probabilistic risk and vulnerability assessment of infrastructure and security systems that are subject to man-made and natural hazards.
Since 2004, Mark has received extensive Australian Research Council (ARC) support to develop probabilistic risk-modelling techniques for infrastructure subject to military and terrorist explosive blasts and cost-benefit assessments of counter- terrorism protective measures for critical infrastructure. In 2011, he received a five-year Australian Professorial Fellowship from the ARC to continue and to extend that work.
The presentation will review key findings of a new book Terror, Security, and Money: Balancing the Risks, Benefits, and Costs of Homeland Security(Oxford University Press, October 2011). The book uses risk-based decision theory to determine acceptability of risk which is crucial to prioritise security and protective measures against terrorist events. The cumulative increase in expenditures on US domestic homeland security over the decade since 9/11 exceeds one trillion dollars. How much of this expenditure is necessary? and how much has been effective?
The presentation will assess terrorist threats to buildings and aviation infrastructure and the cost-effectiveness of protective and counter-terrorism measures.The presentation will describe a cost-benefit analysis that considers threat likelihood, cost of security measures, risk reduction and expected losses to compare the costs and benefits of security measures to decide which security measures are cost-effective, and those which are not.We find that the protection of standard office-type buildings or bridges would be cost-effective only if the likelihood of a sizable terrorist attack on the building is a thousand times greater than it is at present. On the other hand, hardening cockpit doors on airliners is cost-effective, though the provision for air marshals is not.
Wednesday 15th February 2012
Venue: Engineers Australia Auditorium
122 Parry Street, Newcastle West
Time: 5.30pm for 6.00pm start
Cost: This is a free event
RSVP: CLICK HERE or visit Events at www.engineersaustralia.org.au/newcastle to
Register by Monday 13th February 2012.
Enquires please contact 4926 4440 or jpapanicolaou@engineersaustralia.org.au
Continuing Professional Development CPD may be claimed for this presentation (1 point)
