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Mastering the Value Function of Security Measures

Objective

The Task of VALUESEC is defining, context modeling, weighting and quantifying attributes of costs and benefits, advantages and disadvantages of security measures, and demonstration of an application tool evaluating the different effects and the aggregated value of security measures.
It will generate a knowledge base of the status and trends in theory and in practical applications of methods of economics applied to security decision making. The great challenge will be to combine economical (mostly quantitative) and societal effects (mostly qualitative) of security measures into a “value function”, one methodology framework and integrate it into a toolkit which will be flexible and user friendly, and applicable to a large spectrum of possible decisions in the security domain. Decisions supported by this tool will be more transparent and better rationalized than present.
Project approach:
- Problem Analysis and Requirements: Which typical problem classes should be addressed? Analyze and describe decision making processes and requirements for improvement.
- Theories, Methodologies, Components: Which existing approaches to value and utility functions can be exploited to security decisions? Identification of innovation potential.
- Design and usability: Which functions should the tool be capable to perform to provide for effective decision support? Define functionality, attributes and usable models and map them against identified problem classes
- Development: How will the system work? Transformation of the models and utility function into applicable tools.
- Evaluation: How do the implemented tools really work and help? Proof of the power and applicability of the tools in realistic use cases.
- Dissemination and exploitation: How will findings and results be propagated and brought to practical use? How should research on security economics continue? Help pave the way to a future with more transparent and valuable security decisions.

Field of science

  • /social sciences/economics and business/economics

Call for proposal

FP7-SEC-2010-1
See other projects for this call

Funding Scheme

CP - Collaborative project (generic)

Coordinator

FRAUNHOFER GESELLSCHAFT ZUR FOERDERUNG DER ANGEWANDTEN FORSCHUNG E.V.
Address
Hansastrasse 27C
80686 Munchen
Germany
Activity type
Research Organisations
EU contribution
€ 859 460
Administrative Contact
Maximilian Steiert (Mr.)

Participants (9)

TEKNOLOGIAN TUTKIMUSKESKUS VTT
Finland
EU contribution
€ 565 613,25
Address
Tekniikantie 4 A
02044 VTT Espoo
Activity type
Research Organisations
Administrative Contact
Helena Kortelainen (Ms.)
CESS GMBH CENTRE FOR EUROPEAN SECURITY STRATEGIES
Germany
EU contribution
€ 371 520
Address
Grunwalder Strasse 155A
81545 Munchen
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
David Deyl (Mr.)
INSTITUTT FOR FREDSFORSKNING
Norway
EU contribution
€ 281 817,25
Address
Hausmanns Gate 3
0186 Oslo
Activity type
Research Organisations
Administrative Contact
Lars Even Andersen (Mr.)
UNIVERSITETET I STAVANGER
Norway
EU contribution
€ 225 568
Address
Kjell Arholms Gate 41
4021 Stavanger
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Troels Jacobsen (Mr.)
ATOS SPAIN SA
Spain
EU contribution
€ 402 188
Address
Calle De Albarracin 25
28037 Madrid
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
Pereira-Carlos Jorge (Mr.)
INSTYTUT TECHNIK INNOWACYJNYCH EMAG
Poland
EU contribution
€ 190 920
Address
Ulica Leopolda 31
40 189 Katowice
Activity type
Research Organisations
Administrative Contact
Adam Piasecki (Mr.)
WHITE CYBER KNIGHT LTD
Israel
EU contribution
€ 353 867,60
Address
Kineret 15
51201 Bnei Brak
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Administrative Contact
Eyal Adar (Mr.)
AYUNTAMIENTO DE VALENCIA
Spain
EU contribution
€ 144 256
Address
Plaza Ayuntamiento 1
46002 Valencia
Activity type
Public bodies (excluding Research Organisations and Secondary or Higher Education Establishments)
Administrative Contact
Angel Albendin (Mr.)
TECHNISCHE UNIVERSITAET MUENCHEN
Germany
EU contribution
€ 48 000
Address
Arcisstrasse 21
80333 Muenchen
Activity type
Higher or Secondary Education Establishments
Administrative Contact
Katrin Hörmann (Ms.)