Integrated Assessment of Natural Hazards and Climate Change Adaptation: II - The Serra Methodology

Mojtahed, V., Giupponi, C., Biscaro, C., Gain, Animesh Kumar and Balbi, S. (2013) Integrated Assessment of Natural Hazards and Climate Change Adaptation: II - The Serra Methodology SSRN Electronic Journal . DOI 10.2139/ssrn.2233312.

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Abstract

We propose an integrated methodology to evaluate the four possible socio-economic costs namely direct/indirect and tangible/intangible costs due to adverse consequences of flood. Although SERRA is based on full monetization of costs and benefits of risk, it can allow for other methods of economic appraisal such as cost-effectiveness when controversial or unethical. By considering social aspect of vulnerability, meaning adaptive and coping capacities of the affected society, we arrive at a more accurate estimation of risk. This further allows us to evaluate the set of risk reduction measures with a focus on non-structural ones, which consequently helps the decision-maker to select the optimal measure given her constraints. Our methodology attempts to be comprehensive with respect to the set of receptors that is an enhancement compared to Regional Risk Assessment that is the mainstream method in the literature.

Document Type: Article
Research affiliation: UNSPECIFIED
UNSPECIFIED
Kiel University
Refereed: Yes
DOI etc.: 10.2139/ssrn.2233312
ISSN: 1556-5068
Date Deposited: 06 Oct 2017 09:57
Last Modified: 23 Jan 2018 13:19
URI: http://eprints.uni-kiel.de/id/eprint/39726

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