Risk and Resilience Analysis Tool for Infrastructure Asset Management

Risk- and resilience-based infrastructure asset management is timely and important for infrastructure owners to anticipate various natural and man-made hazards and maximize the duration and service performance of capital-intensive infrastructure, using an optimal allocation of limited financial resources. There is a pressing need from agencies for a quantitative, risk- and resilience-based framework that can address high level IAM questions. The primary goal of this proposal is to evaluate and demonstrate the application of prevailing risk and resilience assessment approaches and integrate them in a holistic transportation asset management (TAM) framework. The intended outcome is an analytical platform with input-output dashboard that can be used to run the analysis, produce results and generate reports. Meetings with agencies such as NJ Transit, Port Authority, NJDOT will be held to discuss research outcomes and potential implementation roadmap.