scholarly journals Reviewing estimates of the economic efficiency of disaster risk management: opportunities and limitations of using risk-based cost–benefit analysis

2016 ◽  
Vol 81 (3) ◽  
pp. 2121-2147 ◽  
Author(s):  
R. Mechler
Keyword(s):  
Risk Management ◽  
Economic Efficiency ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Disaster Risk ◽  
Disaster Risk Management ◽  
Benefit Analysis

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

Economic Efficiency and Cost-Benefit Analysis

2017 ◽  
pp. 81-107
Author(s):  
Sherman Folland ◽  
Allen C. Goodman ◽  
Miron Stano
Keyword(s):  
Economic Efficiency ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis

scholarly journals Application of Economic Indicators to Asses the Bridges of Rehablitation

2015 ◽  
Vol 11 (1) ◽  
pp. 69-75
Author(s):  
Martin Pitoňák ◽  
Milan Valuch
Keyword(s):  
Economic Analysis ◽  
Regional Development ◽  
Economic Efficiency ◽  
Current Practice ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Indicators ◽  
Concrete Bridge ◽  
Benefit Analysis ◽  
Technology Project

Abstract The aim of this paper is to point out the advantage of Cost Benefit Analysis (CBA) and its economic indicators to assess a rehabilitation of bridges. The paper includes short example of assessment of the project economic efficiency in which economic indicators are applied in order to evaluate of two technology project variants of bridge object rehabilitation. It quantifies and compares the economic results of alternative 1 with the monolithic prestress construction and alternative 2, with the composite steel - concrete bridge. The contribution reflects the current practice of economic analysis recommended by the Ministry of Transport, Construction and Regional Development.

scholarly journals The Value of Citizen Science for Flood Risk Reduction: Cost-benefit Analysis of a Citizen Observatory in the Brenta-Bacchiglione Catchment

2020 ◽  
Author(s):  
Michele Ferri ◽  
Uta Wehn ◽  
Linda See ◽  
Martina Monego ◽  
Steffen Fritz
Keyword(s):  
Risk Management ◽  
Citizen Science ◽  
Flood Risk ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Flood Risk Management ◽  
Water Levels ◽  
Sensor Data ◽  
Benefit Analysis ◽  
Eu Directive

Abstract. Citizen observatories are a relatively recent form of citizen science. As part of the flood risk management strategy of the Brenta-Bacchiglione catchment, a citizen observatory for flood risk management has been proposed and is currently being implemented. Citizens are involved through monitoring water levels and obstructions and providing other relevant information through mobile apps, where the data are assimilated with other sensor data in a hydrological-hydraulic model used in early warning. A cost benefit analysis of the citizen observatory was undertaken to demonstrate the value of this approach in monetary terms. Although not yet fully operational, the citizen observatory is assumed to decrease the social vulnerability of the flood risk. By calculating the hazard, exposure and vulnerability of three flood scenarios (required for flood risk management planning by the EU Directive on Flood Risk Management) with and without the proposed citizen observatory, it is possible to evaluate the benefits in terms of the average annual avoided damage costs. Although currently a hypothetical exercise, the results showed a reduction in avoided damage of 45 % compared to a business as usual scenario. Thus, linking citizen science with hydrological modelling, and to raise awareness of flood hazards, has great potential in reducing future flood risk in the Brenta-Bacchiglione catchment. Moreover, such approaches are easily transferable to other catchments.

Morality, Reason, and Management Science: The Rationale of Cost-Benefit Analysis

1985 ◽  
Vol 2 (2) ◽  
pp. 128-151 ◽  
Author(s):  
David Copp
Keyword(s):  
Social Policy ◽  
Policy Analysis ◽  
Economic Efficiency ◽  
Policy Maker ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Management Science ◽  
Social Policies ◽  
Benefit Analysis ◽  
Selection Of

The ProblemEconomic efficiency is naturally thought to be a virtue of social policies and decisions, and cost-benefit (CB) analysis is commonly regarded as a technique for measuring economic efficiency. It is not surprising, then, that CB analysis is so widely used in social policy analysis. However, there is a great deal of controversy about CB analysis, including controversy about its underlying philosophical rationale. The rationales that have been proposed fall into three basic, though not mutually exclusive categories. There are moralist views to the effect that an acceptable CB analysis would provide, or contribute to, an ethical appraisal of proposed policies or projects. There are rationalist views to the effect that an acceptable CB analysis would contribute to the selection of social policies and projects that are “socially rational.” Finally, there are so-called management science views to the effect that the purpose of CB analysis is to promote the achievement of objectives held by the policy maker, whatever they may be. Different positions are available within each of these categories. But there is also the possibility that CB analysis lacks any viable rationale. I will examine some of the major rationales for CB analysis in this paper, and I will suggest that the last view is close to the truth.

A Decision Tree for a Cost-Benefit Analysis on Flood Risk Management with Uncertain Funding

2021 ◽  
pp. 513-525
Author(s):  
Massimo Di Francesco ◽  
Jacopo Napolitano ◽  
Giovanni Maria Sechi
Keyword(s):  
Risk Management ◽  
Decision Tree ◽  
Flood Risk ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Flood Risk Management ◽  
Benefit Analysis
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