000 01452nam a22001577a 4500
999 _c526598
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008 240613b ||||| |||| 00| 0 eng d
100 _aSmith, James F.
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245 _aUsing return on investment and resiliency return on investment for preparedness
260 _aPublic Administration Review
300 _a 84(2), Mar-Apr, 2024: p.213-217
520 _aReturn 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.- Reproduced https://onlinelibrary.wiley.com/doi/10.1111/puar.13677
650 _aReturn on investment (ROI), decision-making, capital investments, operational budget, risk mitigation, future hazards, law enforcement, airport security, airport resiliency, resiliency ROI (RROI), feasibility, computation methodology, investment analysis
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773 _aPublic Administration Review
906 _aDECISION MAKING
942 _cAR