The National Center for Risk and Economic Analysis of Terrorist Events (CREATE) works on developing models to analyze the regional economic impacts of a terrorist strike against the electric power systems. This includes incorporating features of disequilibrium and risk into the models along with parametric adjustments for resilience by utility customers, including conservation, use of distributed generation, and business relocation.
The work includes case studies focused on methods to ensure the security of critical infrastructure and the activities it supports by evaluating mechanisms to improve the security of the nation's electrical supply system. The case applies risk, consequence and economic accounting procedures to electric power. Scenarios and choices are presented for each of these three areas of analysis and are integrated to evaluate a wide range of alternative conditions driven by electricity disruption, potentially affecting the economy.
- Develop advanced models and tools for the evaluation of the risks, costs and consequences of terrorism and to guide economically viable investments in homeland security.