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Policymakers, program practitioners, and investors who want to achieve the greatest possible benefits from the resilience projects that they support need to be able to estimate the benefits and costs of those projects. Existing approaches often do not provide a sufficient framework for estimating the benefits that might accrue from a project aimed at increasing resilience, especially if a shock or stress does not occur.

The RAND Corporation and the Rockefeller Foundation formed a partnership to develop a modeling framework that can be used to estimate the net benefits of a resilience project. We call the framework the Resilience Dividend Valuation Model (RDVM). The RDVM addresses the absorption of shocks and stressors, the recovery path following a shock, and any co-benefits that accrue from a project, even in the absence of a shock. For any given project, the estimated dividend may be positive or negative. The RDVM is designed to provide a systematic, "structural" framework for assessing resilience interventions that ultimately create benefits and costs within a system, such as a community or city. This guide provides a detailed overview of the RDVM to help policymakers and practitioners understand how it can be implemented across a range of contexts.

Table of Contents

  • Section One

    Background and Rationale

  • Section Two

    Motivating the Resilience Dividend Valuation Model: Inclusive Wealth Theory

  • Section Three

    Elements of the Resilience Dividend Valuation Model and Case Archetypes

  • Section Four

    Using the Resilience Dividend Valuation Model and Data to Assess the Resilience Dividend

  • Section Five

    Key Considerations for Decisionmakers

This research was conducted by the Infrastructure Resilience and Environmental Policy of RAND Justice, Infrastructure, and Environment.

This report is part of the RAND Corporation research report series. RAND reports present research findings and objective analysis that address the challenges facing the public and private sectors. All RAND reports undergo rigorous peer review to ensure high standards for research quality and objectivity.

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The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.