Catastrophe risk management for sustainable development of regions under risks of natural disasters

Ermolieva TY & Sergienko IV (2008). Catastrophe risk management for sustainable development of regions under risks of natural disasters. Cybernetics and Systems Analysis 44 (3): 1-13. DOI:10.1007/s10559-008-9002-3.

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Abstract

The paper considers models and approaches to the analysis and decision making under catastrophic risks. It is shown that the design of optimal robust strategies for the flood risk management can be approached as a stochastic spatially explicit optimization problem combining the goals and constraints of various agents such as producers, farmers, individuals, governments, insurers, reinsurers, and investors. The approach is illustrated with a case study on catastrophic flood risks, which shows the importance of an appropriate combination of ex-ante and ex-post structural and financial measures.

Item Type: Article
Uncontrolled Keywords: catastrophe risk insurance; stochastic optimization; adaptive Monte Carlo method; probabilistic constraints; sustainable development
Research Programs: Greenhouse Gas Initiative (GGI)
Modeling Land-Use and Land-Cover Changes (LUC)
Bibliographic Reference: Cybernetics and Systems Analysis; 44(3):1-13 [2008]
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:41
Last Modified: 19 Feb 2016 15:51
URI: http://pure.iiasa.ac.at/8595

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