IDEAS home Printed from https://ideas.repec.org/a/spr/nathaz/v107y2021i3d10.1007_s11069-021-04505-2.html
   My bibliography  Save this article

A simple Monte Carlo method for estimating the chance of a cyclone impact

Author

Listed:
  • Xiaoliang Xie

    (Hunan University of Technology and Business)

  • Bingqi Xie

    (Hunan University of Technology and Business)

  • Jiaqi Cheng

    (Hunan University of Technology and Business)

  • Qi Chu

    (Hunan University of Technology and Business)

  • Thomas Dooling

    (University of North Carolina Pembroke)

Abstract

Cyclones endanger life and cause great financial impact on interior and coastal regions through the destruction of buildings and land. Governments need to have a way of estimating the chance of different regions being impacted by a cyclone. The goal of this paper is to use big data to better predict future cyclone impacts. Large cyclone data sets from the CMA Tropical Cyclone Data Center are used in the analysis. By using big data analysis techniques, long-term patterns in cyclone locations and size can be revealed. The Hausdorff distance is used to determine overall changes in cyclone positions decade by decade. Monte Carlo techniques estimate the probability of a region being impacted by a cyclone any given year. This is done by creating random data sets that mimic long-term patterns in cyclone position and radii. It will be shown that any region can be assigned a probability of cyclone impact purely on large historical data sets.

Suggested Citation

  • Xiaoliang Xie & Bingqi Xie & Jiaqi Cheng & Qi Chu & Thomas Dooling, 2021. "A simple Monte Carlo method for estimating the chance of a cyclone impact," 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. 107(3), pages 2573-2582, July.
  • Handle: RePEc:spr:nathaz:v:107:y:2021:i:3:d:10.1007_s11069-021-04505-2
    DOI: 10.1007/s11069-021-04505-2
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s11069-021-04505-2
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s11069-021-04505-2?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Solomon M. Hsiang & Amir S. Jina, 2014. "The Causal Effect of Environmental Catastrophe on Long-Run Economic Growth: Evidence From 6,700 Cyclones," NBER Working Papers 20352, National Bureau of Economic Research, Inc.
    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. Abdullah Addas, 2023. "Understanding the Relationship between Urban Biophysical Composition and Land Surface Temperature in a Hot Desert Megacity (Saudi Arabia)," IJERPH, MDPI, vol. 20(6), pages 1-16, March.
    2. Ramachandramoorthi Shanmugapriya & Perichetla Kandaswamy Hemalatha & Lenka Cepova & Jiri Struz, 2023. "A Study of Independency on Fuzzy Resolving Sets of Labelling Graphs," Mathematics, MDPI, vol. 11(16), pages 1-9, August.
    3. Naif Al Mudawi & Mahwish Pervaiz & Bayan Ibrahimm Alabduallah & Abdulwahab Alazeb & Abdullah Alshahrani & Saud S. Alotaibi & Ahmad Jalal, 2023. "Predictive Analytics for Sustainable E-Learning: Tracking Student Behaviors," Sustainability, MDPI, vol. 15(20), pages 1-18, October.

    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. Erica Perego & Lionel Fontagné & Gianluca Santoni, 2022. "MaGE 3.1: Long-term macroeconomic projections of the World economy," International Economics, CEPII research center, issue 172, pages 168-189.
    2. Gagliarducci, Stefano & Paserman, M. Daniele & Patacchini, Eleonora, 2019. "Hurricanes, Climate Change Policies and Electoral Accountability," IZA Discussion Papers 12334, Institute of Labor Economics (IZA).
    3. Brian Walsh & Stéphane Hallegatte, 2020. "Measuring Natural Risks in the Philippines: Socioeconomic Resilience and Wellbeing Losses," Economics of Disasters and Climate Change, Springer, vol. 4(2), pages 249-293, July.
    4. Guglielmo Zappalà, 2023. "Drought Exposure and Accuracy: Motivated Reasoning in Climate Change Beliefs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 85(3), pages 649-672, August.
    5. William Ginn, 2022. "Climate Disasters and the Macroeconomy: Does State-Dependence Matter? Evidence for the US," Economics of Disasters and Climate Change, Springer, vol. 6(1), pages 141-161, March.
    6. Yu, Jisang & Villoria, Nelson B. & Hendricks, Nathan P., 2019. "The Incidence of Foreign Market Accessibility on Farmland Rental Rates," 2019: Recent Advances in Applied General Equilibrium Modeling: Relevance and Application to Agricultural Trade Analysis, December 8-10, 2019, Washington, DC 339333, International Agricultural Trade Research Consortium.
    7. Fitch-Fleischmann, Benjamin & Kresch, Evan Plous, 2021. "Story of the hurricane: Government, NGOs, and the difference in disaster relief targeting," Journal of Development Economics, Elsevier, vol. 152(C).
    8. Krzysztof Karbownik & Anthony Wray, 2019. "Long-Run Consequences of Exposure to Natural Disasters," Journal of Labor Economics, University of Chicago Press, vol. 37(3), pages 949-1007.
    9. Pelli, Martino & Tschopp, Jeanne & Bezmaternykh, Natalia & Eklou, Kodjovi M., 2023. "In the eye of the storm: Firms and capital destruction in India," Journal of Urban Economics, Elsevier, vol. 134(C).
    10. Matteo Coronese & Davide Luzzati, 2022. "Economic impacts of natural hazards and complexity science: a critical review," LEM Papers Series 2022/13, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    11. Franziska Piontek & Matthias Kalkuhl & Elmar Kriegler & Anselm Schultes & Marian Leimbach & Ottmar Edenhofer & Nico Bauer, 2019. "Economic Growth Effects of Alternative Climate Change Impact Channels in Economic Modeling," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 73(4), pages 1357-1385, August.
    12. Adriana Kocornik-Mina & Thomas K. J. McDermott & Guy Michaels & Ferdinand Rauch, 2020. "Flooded Cities," American Economic Journal: Applied Economics, American Economic Association, vol. 12(2), pages 35-66, April.
    13. Hiroki Onuma & Kong Joo Shin & Shunsuke Managi, 2021. "Short-, Medium-, and Long-Term Growth Impacts of Catastrophic and Non-catastrophic Natural Disasters," Economics of Disasters and Climate Change, Springer, vol. 5(1), pages 53-70, April.
    14. Gregory, Richard P., 2021. "Climate disasters, carbon dioxide, and financial fundamentals," The Quarterly Review of Economics and Finance, Elsevier, vol. 79(C), pages 45-58.
    15. Gregory Casey & Stephie Fried & Ethan Goode, 2023. "Projecting the Impact of Rising Temperatures: The Role of Macroeconomic Dynamics," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 71(3), pages 688-718, September.
    16. Aubin VIGNOBOUL, 2022. "The winds of inequalities: How hurricanes impact inequalities at the macro level?," LEO Working Papers / DR LEO 2986, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    17. Tatyana Deryugina, 2017. "The Fiscal Cost of Hurricanes: Disaster Aid versus Social Insurance," American Economic Journal: Economic Policy, American Economic Association, vol. 9(3), pages 168-198, August.
    18. Jerch, Rhiannon & Kahn, Matthew E. & Lin, Gary C., 2023. "Local public finance dynamics and hurricane shocks," Journal of Urban Economics, Elsevier, vol. 134(C).
    19. Laura A. Bakkensen & Robert O. Mendelsohn, 2016. "Risk and Adaptation: Evidence from Global Hurricane Damages and Fatalities," Journal of the Association of Environmental and Resource Economists, University of Chicago Press, vol. 3(3), pages 555-587.
    20. Davlasheridze, Meri & Fisher-Vanden, Karen & Allen Klaiber, H., 2017. "The effects of adaptation measures on hurricane induced property losses: Which FEMA investments have the highest returns?," Journal of Environmental Economics and Management, Elsevier, vol. 81(C), pages 93-114.

    More about this item

    Keywords

    Cyclone; Impact; Probability;
    All these keywords.

    Statistics

    Access and download statistics

    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:spr:nathaz:v:107:y:2021:i:3:d:10.1007_s11069-021-04505-2. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.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.