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Reliability and RiskThe Challenge of Managing Interconnected Infrastructures$
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Paul Schulman and Emery Roe

Print publication date: 2016

Print ISBN-13: 9780804793933

Published to Stanford Scholarship Online: January 2017

DOI: 10.11126/stanford/9780804793933.001.0001

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Toward Multiple Reliability Standards for Interconnected Infrastructure Systems

Toward Multiple Reliability Standards for Interconnected Infrastructure Systems

(p.196) Chapter 11 Toward Multiple Reliability Standards for Interconnected Infrastructure Systems
Reliability and Risk

Emery Roe

Paul R. Schulman

Stanford University Press

The book’s framework and analysis demonstrate that the high reliability of individual infrastructures is increasingly at its limits in an interconnected setting. Loss of service in one infrastructure cannot be precluded by another infrastructure that depends on it, which means that the standards for reliability within an ICIS setting are no longer those of only high reliability and its precluded-events standard. Other standards of reliability are also at work-where the focus is on avoided, inevitable, or compensable events-and this chapter discusses them. The types of risks to manage arise from the standards of reliability being followed (deciding the trade-offs among risks does not necessarily lead to reliability). Policy makers, legislators, regulators, and the public must better understand the implications of the real choices being made.

Keywords:   Multiple standards of reliability, critical infrastructures, regulatory reliability, avoided events, compensable events, risk assessment and management

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