2011
DOI: 10.2166/hydro.2011.055
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Computational decision analysis for flood risk management in an uncertain future

Abstract: Flood risk management is in many countries a major expense, and while the returns on this investment, in terms of risk reduction, are also high, the process of developing and choosing between management options is of critical importance. New sources of data and the falling cost of computation have made possible new approaches to options appraisal. The state of the art has a number of limitations, however. We present a comprehensive but parsimonious framework for computational decision analysis in flood risk ma… Show more

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Cited by 25 publications
(12 citation statements)
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“…The global increase in flood risk, and related complex of socio-political, economic, and ecological problems is at the forefront of much current research (Apel et al, 2009;Di Baldassarre et al, 2010;Lane et al, 2011;Landstrom et al, 2011;Di Baldassarre and Uhlenbrook, 2012;Harvey et al, 2012;Pappenberger et al, 2012;Winsemius et al, 2013;www.kulturisk.eu). However, as we argue in this paper, a sufficient understanding of the dynamics of flood risk is still lacking, preventing the formulation of sustainable and equitable floodplain management strategies.…”
Section: G DI Baldassarre Et Al: Floodplains As Human-water Systemsmentioning
confidence: 99%
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“…The global increase in flood risk, and related complex of socio-political, economic, and ecological problems is at the forefront of much current research (Apel et al, 2009;Di Baldassarre et al, 2010;Lane et al, 2011;Landstrom et al, 2011;Di Baldassarre and Uhlenbrook, 2012;Harvey et al, 2012;Pappenberger et al, 2012;Winsemius et al, 2013;www.kulturisk.eu). However, as we argue in this paper, a sufficient understanding of the dynamics of flood risk is still lacking, preventing the formulation of sustainable and equitable floodplain management strategies.…”
Section: G DI Baldassarre Et Al: Floodplains As Human-water Systemsmentioning
confidence: 99%
“…Natural scientists focus on the study of the probability of flooding (i.e. hazard), while social scientists examine the exposure, vulnerability or resilience of the system (Apel et al, 2009;Di Baldassarre et al, 2010;Harvey et al, 2012;Pappenberger et al, 2012;Winsemius et al, 2013;www.kulturisk.eu). However, the aforementioned examples showed that, in reality, the two components are deeply intertwined.…”
Section: Current Limitations In Understanding Floodplainsmentioning
confidence: 99%
“…A focus on risk also inevitably leads to exploration of variability and uncertainty in appraisal decisions. Harvey et al (142) propose a multilayer decision analysis framework for risk-based appraisal of sequences of investment decisions under uncertainty. Their approach involves extensive sampling of natural variability to compute water-related risks and their change through time.…”
Section: Infrastructure Investmentmentioning
confidence: 99%
“…The distribution of damages and expectation (risk) is calculated from this Monte Carlo sample of damage. Simulation of processes of change through time, and the effects of interventions designed to reduce risk provides the basis for risk-based decision making and design (Harvey, Hall et al 2012).…”
Section: Introductionmentioning
confidence: 99%