Item: Econome Develop – A Software Tool for Assessing Natural Hazard Risk and Economic Optimisation of Mitigation Measures
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Title: Econome Develop – A Software Tool for Assessing Natural Hazard Risk and Economic Optimisation of Mitigation Measures
Proceedings: Proceedings, 2012 International Snow Science Workshop, Anchorage, Alaska
Authors:
- Michael Bründl [ WSL Institute for Snow and Avalanche Research SLF, Davos, Switzerland ]
Date: 2012
Abstract: In most countries, public money is used to finance the protection of human life, material assets and infrastructure against natural hazards. Limited financial resources need to be used in a way that they achieve the maximum possible effect by reducing as many risks as possible. Benefit-Cost-Analysis (BCA), based on risk assessment, is a recognized method for determining the economic efficiency of investments in mitigation measures. In Switzerland, the software tool “EconoMe†was introduced to practice for assessing the economic efficiency of mitigation measures in 2008. Due to reasons of comparability of mitigation projects on the national level, the Federal Office for the Environment decided to fix most assumptions in the tool, so that they cannot be changed by the user. In order to overcome these limitations, EconoMe-Develop (www.econome-develop.admin.ch) was developed, allowing for risk assessment and benefit-cost-analysis of all prevailing natural hazard processes. We present the structure of the tool and conclude that easy-to-use calculation tools support risk-based decision making.
Object ID: issw-2012-639-643.pdf
Language of Article: English
Presenter(s): unknown
Keywords: risk analysis, economic efficiency, risk-calculation tool, risk management
Page Number(s): 639-643
Subjects: risk assessment natural hazards
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