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Tony Cheesebrough


Adjunct Faculty

Tony Cheesebrough is Adjunct Professor of Cost-Benefit Analysis at Carnegie Mellon University and Chief Economist for the National Protection and Programs Directorate (NPPD) at the U.S. Department of Homeland Security (DHS).

As Chief Economist for NPPD, Tony leads a team of DHS economists in developing methods for estimating the economic impact of cyber incidents and the benefits of cybersecurity programs, the regional benefits and costs of efforts to enhance critical infrastructure resilience in lifeline sectors, and benefit-cost analyses required to support proposed regulations for chemical security and federal facility protection. Tony developed a framework for assessing the marginal benefits and costs of critical infrastructure cybersecurity investment as lead author of the DHS study of economic incentives required by Presidential Executive Order 13636.

Tony previously served as Director for Risk and Capability Analytics in the DHS Office of Policy and Deputy Assistant Director for Risk Analytics at the DHS Office of Risk Management and Analysis, where he managed an interdisciplinary team of economists and operations research analysts in conducting quantitative risk and economic analyses of homeland security hazards. He led a benefit-cost analysis of operational countermeasures for the Secretary’s Counterterrorism Advisory Board for which the recommendation was adopted, led the pilot development of the first DHS computable general equilibrium model for economic impact analysis, and was one of several economists invited to participate in a RAND Corporation expert panel that advised DHS on assessing the benefits of regulatory actions to reduce terrorism risk. Before joining DHS, Tony was a Senior Analyst/Analyst-in-Charge at the U.S. Government Accountability Office, but began his government career as a Presidential Management Fellow at the White House Office of Management and Budget, and also worked in the private sector as a management consultant.

Tony is the recipient of Carnegie Mellon University’s H. John Heinz III College 2016 Martcia Wade Teaching Award, awarded annually to a faculty member in recognition of outstanding teaching. He is a member of the Society for Benefit Cost Analysis, the American Economic Association, the Economics of National Security Association, the Society for Risk Analysis, and the Institute for Operations Research and Management Science.

Courses Taught


  • 90-824 - Cost Benefit Analysis

Additional Information