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Security economics: an adversarial risk analysis approach to airport protection


  • Javier Cano

    () (Rey Juan Carlos University)

  • David Ríos Insua


  • Alessandra Tedeschi

    (Deep Blue)

  • Ug̃ur Turhan

    (Anadolu University)


We analyze the case of protecting an airport, in which there is concern with terrorist threats against the Air Traffic Control Tower. To deter terrorist actions, airport authorities rely on various protective measures, which entail multiple consequences. By deploying them, airport authorities expect to reduce the probabilities and potential impacts of terrorist actions. We aim at giving advice to the airport authorities by devising a security resource allocation plan. We use the framework of adversarial risk analysis to deal with the problem.

Suggested Citation

  • Javier Cano & David Ríos Insua & Alessandra Tedeschi & Ug̃ur Turhan, 2016. "Security economics: an adversarial risk analysis approach to airport protection," Annals of Operations Research, Springer, vol. 245(1), pages 359-378, October.
  • Handle: RePEc:spr:annopr:v:245:y:2016:i:1:d:10.1007_s10479-014-1690-7
    DOI: 10.1007/s10479-014-1690-7

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    References listed on IDEAS

    1. James S. Dyer & Rakesh K. Sarin, 1982. "Relative Risk Aversion," Management Science, INFORMS, vol. 28(8), pages 875-886, August.
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    4. Andrew Cook & Graham Tanner & Adrian Lawes, 2012. "The Hidden Cost of Airline Unpunctuality," Journal of Transport Economics and Policy, University of Bath, vol. 46(2), pages 157-173, May.
    5. Viscusi, W Kip & Aldy, Joseph E, 2003. "The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World," Journal of Risk and Uncertainty, Springer, vol. 27(1), pages 5-76, August.
    6. Ross D. Shachter, 1986. "Evaluating Influence Diagrams," Operations Research, INFORMS, vol. 34(6), pages 871-882, December.
    7. W. Viscusi, 2009. "Valuing risks of death from terrorism and natural disasters," Journal of Risk and Uncertainty, Springer, vol. 38(3), pages 191-213, June.
    8. James S. Dyer & Rakesh K. Sarin, 1979. "Measurable Multiattribute Value Functions," Operations Research, INFORMS, vol. 27(4), pages 810-822, August.
    9. Kleijnen, Jack P. C. & Sargent, Robert G., 2000. "A methodology for fitting and validating metamodels in simulation," European Journal of Operational Research, Elsevier, vol. 120(1), pages 14-29, January.
    10. repec:reg:rpubli:282 is not listed on IDEAS
    11. Peter H. Farquhar, 1984. "State of the Art---Utility Assessment Methods," Management Science, INFORMS, vol. 30(11), pages 1283-1300, November.
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    13. Insua, Insua Rios & Rios, Jesus & Banks, David, 2009. "Adversarial Risk Analysis," Journal of the American Statistical Association, American Statistical Association, vol. 104(486), pages 841-854.
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    Cited by:

    1. Wei Wang & Francesco Di Maio & Enrico Zio, 2019. "Adversarial Risk Analysis to Allocate Optimal Defense Resources for Protecting Cyber–Physical Systems from Cyber Attacks," Risk Analysis, John Wiley & Sons, vol. 39(12), pages 2766-2785, December.
    2. Amorim da Cunha, Duarte & Macário, Rosário & Reis, Vasco, 2017. "Keeping cargo security costs down: A risk-based approach to air cargo airport security in small and medium airports," Journal of Air Transport Management, Elsevier, vol. 61(C), pages 115-122.


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