Governance
You are here: 
Home 
Resources Governance Risk Nexus: Making communities more flood resilient: the role of cost-benefit analysis and other decision-support tools
Home Resources Governance Risk Nexus: Making communities more flood resilient: the role of cost-benefit analysis and other decision-support tools
Comments ( 0 )
Risk Nexus: Making communities more flood resilient: the role of cost-benefit analysis and other decision-support tools
| Making the case for pre-event disaster risk reduction Large-scale flood disasters in recent years vividly demonstrate the need to invest in risk reduction measures before such events happen. It can be difficult, however, for a community to decide to invest in such measures, as these decisions usually involve several options and multiple stakeholders with different short- and long-term objectives and priorities. As a result, intense discussions often produce little real progress, or there is simply a return to the status quo. A variety of decision-support tools are available to organize and evaluate options, which can assist in making the case for pre-event risk reduction to flooding and other hazards. Among these tools, the most widely-used for assessing flood risk reduction measures is cost-benefit analysis (CBA). Other tools that can be used to aid decisionmaking include cost-effectiveness analysis (CEA), multi-criteria analysis (MCA) and robust decision-making approaches (RDMA). In this issue brief we outline three key findings that provide information for research, policy, and implementing decisions on reducing flood risk. The analysis provides a foundation for work under the Zurich flood resilience alliance, allowing it to integrate a decision-support toolbox for community activities focused on implementing flood risk reduction in different parts of the world. This publication is based on a white paper developed by two members of the alliance, the International Institute for Applied Systems Analysis (IIASA) and the Wharton School’s Risk Management and Decision Processes Center at the University of Pennsylvania (Wharton). It is available at: http://opim.wharton.upenn.edu/risk/library/ ZAlliance-decisiontools-WP.pdf. | |
| Author | Zurich Insurance;IIASA;Wharton |
| Published by | Wharton |
| Language | English |
| Published on | September 2014 |
Post a comment
Related resources
Given the series of large-scale flood disasters that have occurred in recent years, there is a growing recognition among community leaders,...
There is a lot of rhetoric suggesting that disaster risk reduction (DRR) pays, yet surprisingly little in the way of hard facts. This review paper...
Economic losses as a result of natural hazards have been rising over the past few decades due to socio-economic development and perhaps climate...
This Cost Benefit Analysis was undertaken to provide Mercy Corps with a quantitative analysis to complement the qualitative benefits that we have...
As the first study of its kind undertaken in the Maldives it supports evidence based decision making for national policy makers in the reduction of...
Advances in technology are generating unprecedented volumes of data. Governments, international agencies, and scientific institutions are...
Over 80 modeling tools for mapping ecosystem services have been developed to help decision-makers better understand their local systems. These often...
This case study resulted from the experiences of 23 Cambodian villages involved in the Community- Based Flood Mitigation and Preparedness Project...
This Handbook is designed primarily for local government leaders and policy makers. It seeks to support public policy and decision making so they can...
Share your resources
Do you have any question?
Comments