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On the Local Sensitivity Analysis of the Inoperability Input‐Output Model

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  • Marco Percoco

Abstract

Natural and man‐made disasters are currently a source of major concern for contemporary societies. In order to understand their economic impacts, the inoperability input‐output model has recently gained recognition among scholars. In a recent paper, Percoco (2006) has proposed an extension of the model to map the technologically most important sectors through so‐called fields of influence. In the present note we aim to show that this importance measure also has a clear connection with local sensitivity analysis theory.

Suggested Citation

  • Marco Percoco, 2011. "On the Local Sensitivity Analysis of the Inoperability Input‐Output Model," Risk Analysis, John Wiley & Sons, vol. 31(7), pages 1038-1042, July.
    • Handle: RePEc:wly:riskan:v:31:y:2011:i:7:p:1038-1042
    DOI: 10.1111/j.1539-6924.2010.01574.x
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    References listed on IDEAS

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    1. Chenyang Lian & Joost R. Santos & Yacov Y. Haimes, 2007. "Extreme Risk Analysis of Interdependent Economic and Infrastructure Sectors," Risk Analysis, John Wiley & Sons, vol. 27(4), pages 1053-1064, August.
    2. Michael Sonis & J. D. Hewings & Jiemin Guo, 2000. "A New Image of Classical Key Sector Analysis: Minimum Information Decomposition of the Leontief Inverse," Economic Systems Research, Taylor & Francis Journals, vol. 12(3), pages 401-423.
    3. Tavares, Jose, 2004. "The open society assesses its enemies: shocks, disasters and terrorist attacks," Journal of Monetary Economics, Elsevier, vol. 51(5), pages 1039-1070, July.
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    Cited by:

    1. Marco Percoco, 2012. "On the Sensitivity Analysis of the IIM: A Rejoinder," Risk Analysis, John Wiley & Sons, vol. 32(1), pages 7-8, January.
    2. Michael Greenberg & Karen Lowrie, 2012. "From the Editors," Risk Analysis, John Wiley & Sons, vol. 32(1), pages 1-2, January.
    3. Wenping Xu & Zongjun Wang & Liu Hong & Ligang He & Xueguang Chen, 2015. "The uncertainty recovery analysis for interdependent infrastructure systems using the dynamic inoperability input–output model," International Journal of Systems Science, Taylor & Francis Journals, vol. 46(7), pages 1299-1306, May.

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