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Published in:
2017 | OriginalPaper | Chapter
1. Introduction
Authors : Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole, Eric Warren
Published in: Economic Consequence Analysis of Disasters
Publisher: Springer Singapore
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Abstract
Policymakers and analysts in disaster risk management need consistent and rapid estimates of the economic consequences of multiple threat types, including terrorism events, natural disasters, and technological accidents. Consistency is important to be able to compare the many threats for the purpose of allocating resources among them to reduce overall risk as efficiently as possible. To date, research on the economic consequences of disasters is generally conducted on a threat-by-threat basis, but comparing results from these studies is problematic because the analyses use different models, employ unique sets of assumptions and parameters, and present results in terms of different economic indicators. Rapid turnaround is important for facilitating analyses across many threats, but even more so for allocating post-disaster assistance. However, models that can quickly provide reasonably accurate estimates of economic consequence of most threats are lacking. This volume overcomes these limitations.