PhD Student Seungyub Lee published “Criticality Analysis of a Water Distribution System Considering Both Economic Consequences and Hydraulic Loss Using Modern Portfolio Theory” in the journal Water.
Seungyub Lee, Sangmin Shin, David R. Judi, Timothy McPherson, and Steven J. Burian published a paper “Criticality Analysis of a Water Distribution System Considering Both Economic Consequences and Hydraulic Loss Using Modern Portfolio Theory.” The paper introduced an ECLIPS (Economic Consequence Linked to Interruption in Providing Service) to quantify economic consequence following a reduction of water distribution system functionality and presented an approach identifying critical assets using Modern Portfolio Theory to consider both hydraulic resilience and economic consequence resilience of water distribution system.