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NIST’s Economic Decision Guide Software

Home » Economic Activities » Innovative Financing » NIST’s Economic Decision Guide Software

NIST’s Economic Decision Guide Software

Home » Economic Activities » Innovative Financing » NIST’s Economic Decision Guide Software

NIST's Economic Decision Guide SoftwareNIST’s Economic Decision Guide Software (EDGe$) Tool offers a technique for selecting cost-effective community resilience projects. It provides a standard economic methodology for evaluating investment decisions required to improve the ability of communities to adapt to, withstand, and quickly recover from natural, technology, and human-caused disruptive events.

The tool helps to identify and compare the relevant present and future resilience costs and benefits associated with new capital investment versus maintaining a community’s status-quo. Users can register an account for the software free of cost, and can start a new analysis or open examples of analyses. When users start a new analysis, they have to include the project’s planning horizon, real discount rate, risk preferences, and hazard recurrence distribution.

The analysis software also considers the new project’s alternatives, externalities, benefits, non-disaster benefits, and fatalities averted. This decision support software is designed to support those engaged in community-level resilience planning, including community planners and resilience officers, as well as economic development, budget, and public works officials.

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The Resilience Calendar

  • 2023 Tree Steward Symposium
    Date: September 22, 2023
    Location:

    Registration includes lunch, refreshments & admission to our evening social on Friday, September 22 at Maury Park. Saturday's event is FREE for all.

    Learn more and register More details...

  • Extreme Disturbances and Climate Change
    Date: September 26, 2023
    Location:

    This virtual workshop is open to natural and cultural resource managers, especially in Tribal Nations and the southern United States, and others who want to learn more about the science of extreme disturbances, their…

  • Climate-Driven Changes in Prescribed Fire in the Southeastern U.S.
    Date: September 26, 2023
    Location:

    The Southeast Climate monthly webinar series is held on the 4th Tuesday of each month at 10:00 am ET.

    Learn more and register here.

  • White House Environmental Justice Advisory Council (WHEJAC) Virtual Public Meeting
    Date: September 26, 2023
    Location:

    This free meeting is open to all members of the public. Individual registration is REQUIRED and is available through the scheduled end time of the meeting day.

    Learn more and register

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