EDGe$ - Economic Decision Guide Software Tool

The National Institute of Standards and Technology (NIST) EDGe$ (Economic Decision Guide Software) Tool is a software application for community resilience planning. EDGe$ provides a methodology for evaluating investment decisions for adaptation, resilience and recovery from disruptive events or disasters. The tool is focused on supporting the planning process around the implementation of resilient, economically viable infrastructure in communities. by identifying the cost of investing in  resilience, and the benefits of new community level capital investments.

The EDGe$ seven-step process supports a standardized approach that can be customized for a community’s specific resilience needs and circumstances. The process was developed to automatically provide key economic indicators arising from a benefit-cost analysis based on user inputs. These economic approaches and methods for cost estimation consider the community level, rather than the valuation for a single structure.

EDGe$ is based on the process developed in the Community Resilience Economic Decision Guide for Buildings and Infrastructure SystemsThe guide and EDGe$ tool can be used individually or together, but are said to be most useful as part of a more comprehensive planning process in combination with the NIST Community Resilience Planning Guide for Buildings and Infrastructure Systems.

NIST also provides a User Guide for EDGe$: https://nvlpubs.nist.gov/nistpubs/SpecialPublications/NIST.SP.1214.pdf

 

Publication Date: January 2018

Related Organizations:

  • National Institute for Standards and Technology (NIST)

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Resource Types:

  • Tool (general)

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