Expanding the paradigm of evaluating community benefits in investments in grid resilience utilising a balanced scorecard approach.

Abstract

The electric grid is increasingly a major component in the impact of and recovery from disasters. Ultimately, investments in grid resilience help to sustain the ability of a community to withstand and recover after a disaster by mitigating the effects of widespread power outages and hardening critical infrastructure to better withstand and recover from disasters. This notion of 'resilience', however, has generally been more theoretical and aspirational rather than something that can be quantified and ultimately integrated into systems evaluation and decision-making paradigms. This paper describes how on resilience profile and balanced scorecard approaches, an evidence-informed approach towards quantifying resilience across various domains utilising a modified balanced scorecard methodology is presented.