The Costs and Benefits of Reducing Risk from Natural Hazards to Residential Structures in Developing Countries

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http://eprints.org/relation/isVersionOf https://pure.iiasa.ac.at/id/document/102662 http://eprints.org/relation/isVolatileVersionOf https://pure.iiasa.ac.at/id/document/102662 http://eprints.org/relation/issmallThumbnailVersionOf https://pure.iiasa.ac.at/id/document/102662 archive 351 disk0/00/00/97/24 2016-01-15 08:45:48 2025-03-26 05:00:08 2016-01-15 08:45:48 other show 1 Hochrainer-Stigler S. 7958 0000-0002-9929-8171 Kunreuther H. AL1609 Linnerooth-Bayer J. 1354 Mechler R. 7793 0000-0003-2239-1578 The Costs and Benefits of Reducing Risk from Natural Hazards to Residential Structures in Developing Countries pub iis_rsp prog_risk prog_rpv This paper examines the benefits and costs of improving or retrofitting residential structures in highly exposed low- and middle-income developing countries such that they are less vulnerable to hazards during their lifetime. Since it is misleading to assess the benefits of prevention using deterministic models, the challenges for cost benefit analyses are to express avoided losses in probabilistic terms, evaluate and assess risk, monetize direct and indirect benefits and include dynamic drivers such as changing population, land use and climate. In detail, we examine structures exposed to three different hazards in four countries, including hurricane risk in St. Lucia, flood risk in Jakarta, earthquake risk in Istanbul and flood risk within the Rohini River basin in Uttar Pradesh (India). The purpose in undertaking these analyses is to shed light on the benefits and costs over time, recognizing the bounds of the analysis, and to demonstrate a systematic probabilistic approach for evaluating alternative risk reducing measures. 2011-01 published https://www.preventionweb.net/publication/costs-and-benefits-reducing-risk-natural-hazards-residential-structures-developing XO-11-085 Working Paper #2011-01, Risk Management and Decision Processes Center, The Wharton School, University of Pennsylvania, USA (January 2011) Available at <opim.wharton.upenn.edu/risk/library/WP2011-01_IIASA,RMS,Wharton_DevelopingCountries.pdf> 126 2572 182 204 public FALSE FALSE info:eu-repo/semantics/other