Cost Benefit Analysis for Ecosystem-Based Disaster Risk Reduction Interventions: A Review of Best Practices and Existing Studies

2016 ◽  
pp. 45-73
Author(s):  
Marta Vicarelli ◽  
Rohini Kamal ◽  
Maria Fernandez
Keyword(s):  
Best Practices ◽  
Risk Reduction ◽  
Disaster Risk Reduction ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Disaster Risk ◽  
Benefit Analysis

Costing for ALARP

2005 ◽  
Author(s):  
Sirous F. Yasseri ◽  
Peter Menhennett
Keyword(s):  
Risk Reduction ◽  
Cost Benefit Analysis ◽  
Health And Safety ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Safety Level ◽  
Risk Reduction Measure ◽  
The Uk ◽  
Design Options ◽  
The Cost

A key principle for achieving Tolerable Risk under the UK Health and Safety Executive’s (HSE) approach is the reduction of risks to “As Low As Reasonably Practicable” or ALARP. This principle is founded on the ideal of reducing risks to a point of diminishing returns where additional risk reduction would cost “disproportionally” more than the risk reduction benefit achieved. The HSE approach of estimating the degree of disproportionality between the cost and benefits associated with a potential risk reduction measure is a variation of the Cost Effectiveness approach to ALARP Evaluation. A probabilistic cost-benefit analysis method is outlined for evaluating design options and establishing whether the conditions of ALARP are met. This paper demonstrates the value of probabilistic cost-benefit analysis for the selection of a target safety level and also presents an example of its practical application by way of a case history.

Probabilistic cost-benefit analysis of disaster risk management in a development context

Disasters ◽  
2013 ◽  
Vol 37 (3) ◽  
pp. 374-400 ◽  
Author(s):  
Daniel Kull ◽  
Reinhard Mechler ◽  
Stefan Hochrainer-Stigler
Keyword(s):  
Risk Management ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Disaster Risk ◽  
Disaster Risk Management ◽  
Benefit Analysis ◽  
Development Context
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