RAND: Guide to the Resilience Dividend Valuation Model

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.