Integrated Assessment of Natural Hazards and Climate-Change Adaptation: II. The SERRA Methodology
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.
|Date of creation:||2013|
|Contact details of provider:|| Postal: Cannaregio, S. Giobbe no 873 , 30121 Venezia|
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- Carlo Giupponi & Vahid Mojtahed & Animesh K. Gain & Stefano Balbi, 2013. "Integrated Assessment of Natural Hazards and Climate Change Adaptation: I. The KULTURisk Methodological Framework," Working Papers 2013:06, Department of Economics, University of Venice "Ca' Foscari".
- Mihaela IACOB & Felicia ALEXANDRU & Meral KAGITCI & Georgiana Camelia CREŢAN & Filip IORGULESCU, 2012. "Cultural heritage evaluation: a reappraisal of some critical concepts involved," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(12(577)), pages 61-72, December.
- Stéphane Hallegatte & Nicola Ranger & Sumana Bhattacharya & Murthy Bachu & Satya Priya & K. Dhore & Farhat Rafique & P. Mathur & Nicolas Naville & Fanny Henriet & Anand Patwardhan & K. Narayanan & Sub, 2010. "Flood Risks, Climate Change Impacts and Adaptation Benefits in Mumbai: An Initial Assessment of Socio-Economic Consequences of Present and Climate Change Induced Flood Risks and of Possible Adaptation," OECD Environment Working Papers 27, OECD Publishing.
- Vahid Mojtahed & Carlo Giupponi & Claudio Biscaro & Animesh K. Gain & Stefano Balbi, 2013. "Integrated Assessment of Natural Hazards and Climate-Change Adaptation: II. The SERRA Methodology," Working Papers 2013:07, Department of Economics, University of Venice "Ca' Foscari". Full references (including those not matched with items on IDEAS)
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