As countries prepare to remodel themselves once the COVID-19 pandemic subsides, they must tackle growth and development expectations by using resources more sustainably while ensuring that their societies are able to weather future disruptions.
On Thursday, February 11th from 2:00 to 3:00 p.m. (ET), REMI will be hosting “Efficiency & Resilience in Economic Models: Resilience Analytics in Post-COVID Societies,” our upcoming guest webinar that features Igor Linkov, Ph.D., Risk and Decision Science Focus Area Lead for the U.S. Army Engineer Research and Development Center.
Dr. Linkov is prepared to explain how the COVID-19 experience has indicated that economic systems could become more vulnerable to shocks and disruptions if their practices excessively prioritize system efficiency over resilience. Efficiency-based approaches often rely on complex and interconnected systems to meet the rising demands of society, but these systems can be prone to failures and delays when they encounter unexpected stressors.
This guest presentation will describe why building resilience should equate to maximizing socioeconomic systems’ long-term sustainability rather than abandoning efficiency. Dr. Linkov will be evaluating a case study of resilience and efficiency in transportation networks that integrates the REMI model and resilience analytics.
Also included in this presentation will be an examination of how combining resilience and efficiency would allow society to preserve or even improve living standards during current and future crises.