IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i10p2768-d231189.html
   My bibliography  Save this article

Measuring Vulnerability of Typhoon in Residential Facilities: Focusing on Typhoon Maemi in South Korea

Author

Listed:
  • Ji-Myong Kim

    (Department of Architectural Engineering, Mokpo National University, Mokpo 58554, Korea)

  • Taehui Kim

    (Department of Architectural Engineering, Mokpo National University, Mokpo 58554, Korea)

  • Kiyoung Son

    (School of Architectural Engineering, University of Ulsan, Ulsan 44610, Korea)

  • Sang-Guk Yum

    (Department of Civil Engineering and Engineering Mechanics, Columbia University, New York, NY 10027, USA)

  • Sungjin Ahn

    (Department of Architectural Engineering, Mokpo National University, Mokpo 58554, Korea)

Abstract

Typhoons cause severe monetary damage globally. Many global insurance companies and public agencies are currently developing and utilizing windstorm risk estimation models to calculate the level of risk and set up strategies for avoiding, mitigating, and relocating those economic risks. Hence, the usage and accuracy of the windstorm risk estimation model is becoming increasingly significant, and reflecting local vulnerabilities is essential for refined risk assessment. While key risk indicators have been recognized in practical studies of economic losses associated with windstorms, there remains a lack of comprehensive research addressing the relationship between economic losses of residential buildings for South Korea and vulnerability. This research investigates the real damage record of Typhoon Maemi from an insurance company in order to bridge this gap. The aim of this study is to define the damage indicators of typhoons and create a framework for typhoon damage function, using the damage caused by Typhoon Maemi as a representative paradigm. Basic building information and natural disaster indicators are adopted to develop the damage function. The results and metric of this research provide a pragmatic approach that helps create damage functions for insurance companies and contingency planners, reflecting the actual financial losses and local vulnerabilities of buildings. The framework and results of this study will provide a practical way to manage extreme cases of natural disasters, develop a damage function for insurers and public authorities, and reveal the real economic damage and local vulnerability of residential buildings in South Korea.

Suggested Citation

  • Ji-Myong Kim & Taehui Kim & Kiyoung Son & Sang-Guk Yum & Sungjin Ahn, 2019. "Measuring Vulnerability of Typhoon in Residential Facilities: Focusing on Typhoon Maemi in South Korea," Sustainability, MDPI, vol. 11(10), pages 1-11, May.
  • Handle: RePEc:gam:jsusta:v:11:y:2019:i:10:p:2768-:d:231189
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/10/2768/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2071-1050/11/10/2768/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. B. Preston & C. Brooke & T. Measham & T. Smith & R. Gorddard, 2009. "Igniting change in local government: lessons learned from a bushfire vulnerability assessment," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 14(3), pages 251-283, March.
    2. Ji-Myong Kim & Kiyoung Son & Youngmi Yoo & Donghoon Lee & Dae Young Kim, 2018. "Identifying Risk Indicators of Building Damage Due to Typhoons: Focusing on Cases of South Korea," Sustainability, MDPI, vol. 10(11), pages 1-12, October.
    3. Dakshina Silva & Jamie Kruse & Yongsheng Wang, 2008. "Spatial dependencies in wind-related housing damage," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 47(3), pages 317-330, December.
    4. Yohannes Kesete & Jiazhen Peng & Yang Gao & Xiaojun Shan & Rachel A. Davidson & Linda K. Nozick & Jamie Kruse, 2014. "Modeling Insurer‐Homeowner Interactions in Managing Natural Disaster Risk," Risk Analysis, John Wiley & Sons, vol. 34(6), pages 1040-1055, June.
    5. J. M. Kim & P. K. Woods & Y. J. Park & K. Son, 2016. "Estimating the Texas Windstorm Insurance Association claim payout of commercial buildings from Hurricane Ike," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 84(1), pages 405-424, October.
    6. D F Cioffi & H Khamooshi, 2009. "A practical method of determining project risk contingency budgets," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(4), pages 565-571, April.
    7. Joern Birkmann & Susan Cutter & Dale Rothman & Torsten Welle & Matthias Garschagen & Bas Ruijven & Brian O’Neill & Benjamin Preston & Stefan Kienberger & Omar Cardona & Tiodora Siagian & Deny Hidayati, 2015. "Scenarios for vulnerability: opportunities and constraints in the context of climate change and disaster risk," Climatic Change, Springer, vol. 133(1), pages 53-68, November.
    8. Jiazhen Peng & Xiaojun Shan & Yang Gao & Yohannes Kesete & Rachel Davidson & Linda Nozick & Jamie Kruse, 2014. "Modeling the integrated roles of insurance and retrofit in managing natural disaster risk: a multi-stakeholder perspective," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 74(2), pages 1043-1068, November.
    9. I Ben-David & T Raz, 2001. "An integrated approach for risk response development in project planning," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 52(1), pages 14-25, January.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Oluwatofunmi Deborah Aribisala & Sang-Guk Yum & Manik Das Adhikari & Moon-Soo Song, 2022. "Flood Damage Assessment: A Review of Microscale Methodologies for Residential Buildings," Sustainability, MDPI, vol. 14(21), pages 1-24, October.
    2. Byungyun Yang & Minjun Kim & Changkyu Lee & Suyeon Hwang & Jinmu Choi, 2022. "Developing an Automated Analytical Process for Disaster Response and Recovery in Communities Prone to Isolation," IJERPH, MDPI, vol. 19(21), pages 1-19, October.
    3. Ji-Myong Kim & Junseo Bae & Seunghyun Son & Kiyoung Son & Sang-Guk Yum, 2021. "Development of Model to Predict Natural Disaster-Induced Financial Losses for Construction Projects Using Deep Learning Techniques," Sustainability, MDPI, vol. 13(9), pages 1-12, May.
    4. Sungjin Ahn & Taehui Kim & Ji-Myong Kim, 2020. "Sustainable Risk Assessment through the Analysis of Financial Losses from Third-Party Damage in Bridge Construction," Sustainability, MDPI, vol. 12(8), pages 1-15, April.
    5. Sang-Guk Yum & Sungjin Ahn & Junseo Bae & Ji-Myong Kim, 2020. "Assessing the Risk of Natural Disaster-Induced Losses to Tunnel-Construction Projects Using Empirical Financial-Loss Data from South Korea," Sustainability, MDPI, vol. 12(19), pages 1-15, September.
    6. Ji-Myong Kim & Taehui Kim & Sungjin Ahn, 2020. "Loss Assessment for Sustainable Industrial Infrastructure: Focusing on Bridge Construction and Financial Losses," Sustainability, MDPI, vol. 12(13), pages 1-16, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Eugene Frimpong & Jamie Kruse & Gregory Howard & Rachel Davidson & Joseph Trainor & Linda Nozick, 2019. "Measuring Heterogeneous Price Effects for Home Acquisition Programs in At‐Risk Regions," Southern Economic Journal, John Wiley & Sons, vol. 85(4), pages 1108-1131, April.
    2. Yijun Shi & Guofang Zhai & Lihua Xu & Quan Zhu & Jinyang Deng, 2019. "Planning Emergency Shelters for Urban Disasters: A Multi-Level Location–Allocation Modeling Approach," Sustainability, MDPI, vol. 11(16), pages 1-19, August.
    3. Young Seok Song & Moo Jong Park, 2018. "A Study on Estimation Equation for Damage and Recovery Costs Considering Human Losses Focused on Natural Disasters in the Republic of Korea," Sustainability, MDPI, vol. 10(9), pages 1-16, August.
    4. Daniel Seaberg & Laura Devine & Jun Zhuang, 2017. "A review of game theory applications in natural disaster management research," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 89(3), pages 1461-1483, December.
    5. Bo-Young Heo & Won-Ho Heo, 2019. "Economic Analysis of Disaster Management Investment Effectiveness in Korea," Sustainability, MDPI, vol. 11(11), pages 1-13, May.
    6. Ji-Myong Kim & Kiyoung Son & Youngmi Yoo & Donghoon Lee & Dae Young Kim, 2018. "Identifying Risk Indicators of Building Damage Due to Typhoons: Focusing on Cases of South Korea," Sustainability, MDPI, vol. 10(11), pages 1-12, October.
    7. Mendoza-Cano Oliver & López-de la Cruz Jesús & Pattison Ian & Martinez-Preciado MA & Uribe-Ramos Juan Manuel & Edwards R. M. & Ramírez-Lomelí Cesar Ivan & Rincón-Avalos Pedro & Velazco-Cruz Jorge A, 2019. "Disaster Risk Resilience in Colima-Villa de Alvarez, Mexico: Application of the Resilience Index to Flash Flooding Events," IJERPH, MDPI, vol. 16(12), pages 1-12, June.
    8. Ji-Myong Kim & Kiyoung Son & Young-Jae Kim, 2019. "Assessing regional typhoon risk of disaster management by clustering typhoon paths," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(5), pages 2083-2096, October.
    9. Cen Guo & Linda Nozick & Jamie Kruse & Meghan Millea & Rachel Davidson & Joseph Trainor, 2022. "Dynamic modeling of public and private decision‐making for hurricane risk management including insurance, acquisition, and mitigation policy," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 25(2), pages 173-199, June.
    10. Yuki Shibamura & Noriko Sudo & Gengaku Mashiro & Shigeru Beppu & Risa Hakamata & Kanata Saito, 2020. "Personnel Training Course for Businesses Regarding the Response to Stranded Persons Focusing on Vulnerable People from the Perspective of Business Continuity," IJERPH, MDPI, vol. 17(12), pages 1-19, June.
    11. Diana Mitsova & Monica Escaleras & Alka Sapat & Ann-Margaret Esnard & Alberto J. Lamadrid, 2019. "The Effects of Infrastructure Service Disruptions and Socio-Economic Vulnerability on Hurricane Recovery," Sustainability, MDPI, vol. 11(2), pages 1-16, January.
    12. Xiaobing Yu & Hong Chen & Chenliang Li, 2019. "Evaluate Typhoon Disasters in 21st Century Maritime Silk Road by Super-Efficiency DEA," IJERPH, MDPI, vol. 16(9), pages 1-10, May.
    13. Hangsuck Lee & Minha Lee & Jimin Hong, 2024. "Optimal insurance for repetitive natural disasters under moral hazard," Journal of Economics, Springer, vol. 143(3), pages 247-277, December.
    14. Xinlu XIE & Yan ZHENG & Jiahua PAN & Hongjian ZHOU, 2018. "Urban Vulnerability and Adaptability to Climate Change: A Case Study of Cities in the Yangtze River Delta," Chinese Journal of Urban and Environmental Studies (CJUES), World Scientific Publishing Co. Pte. Ltd., vol. 6(01), pages 1-19, March.
    15. Dengsheng Wu & Xiaoqian Zhu & Jie Wan & Chunbing Bao & Jianping Li, 2019. "A Multiobjective Optimization Approach for Selecting Risk Response Strategies of Software Project: From the Perspective of Risk Correlations," International Journal of Information Technology & Decision Making (IJITDM), World Scientific Publishing Co. Pte. Ltd., vol. 18(01), pages 339-364, January.
    16. Mahsa Parsaei Motamed & Shahrooz Bamdad, 2022. "A multi-objective optimization approach for selecting risk response actions: considering environmental and secondary risks," OPSEARCH, Springer;Operational Research Society of India, vol. 59(1), pages 266-303, March.
    17. Joern Birkmann & Reinhard Mechler, 2015. "Advancing climate adaptation and risk management. New insights, concepts and approaches: what have we learned from the SREX and the AR5 processes?," Climatic Change, Springer, vol. 133(1), pages 1-6, November.
    18. Issah Justice Musah-Surugu & Albert Ahenkan & Justcie Nyigmah Bawole, 2019. "Too weak to lead: motivation, agenda setting and constraints of local government to implement decentralized climate change adaptation policy in Ghana," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 21(2), pages 587-607, April.
    19. Joern Birkmann & Susan Cutter & Dale Rothman & Torsten Welle & Matthias Garschagen & Bas Ruijven & Brian O’Neill & Benjamin Preston & Stefan Kienberger & Omar Cardona & Tiodora Siagian & Deny Hidayati, 2015. "Scenarios for vulnerability: opportunities and constraints in the context of climate change and disaster risk," Climatic Change, Springer, vol. 133(1), pages 53-68, November.
    20. Ji-Myong Kim & Junseo Bae & Seunghyun Son & Kiyoung Son & Sang-Guk Yum, 2021. "Development of Model to Predict Natural Disaster-Induced Financial Losses for Construction Projects Using Deep Learning Techniques," Sustainability, MDPI, vol. 13(9), pages 1-12, May.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:11:y:2019:i:10:p:2768-:d:231189. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.