Earthquakes and Risk Management in China

Olson, David L.; Wu, Desheng Dash

doi:10.1080/10807031003779898

Cited by 29 publications

(4 citation statements)

References 17 publications

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“…The recent debate among the scientific community on the assessment of risk or loss using earthquake modeling software has highlighted the methodological divide between probabilistic and deterministic seismic hazard analyses which are mostly used worldwide. Decision-making processes are a societal necessity and one form of institutional adaptation to increase risk perception and concern about the detrimental effects of natural disasters like earthquakes [14,59,60]. The recent history of major earthquakes in Sichuan Province deserves greater political attention and a respective mitigation investment debate.…”

Section: Discussionmentioning

confidence: 99%

Using RISKPLAN for Earthquake Risk Assessment in Sichuan Province, China

Yan

Seeland

2019

Sustainability

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Sichuan Province of China is a prominent population and economic growth center as well as an earthquake-stricken region. A sound understanding of the seismic risk that Sichuan Province is facing is useful to raise risk awareness, achieve disaster risk reduction (DRR), and guarantee sustainable socio-economic development. Earthquake risk assessment is the first step in these efforts. This study strives to demonstrate the feasibility of applying an integrated earthquake risk assessment in Sichuan Province of China using RISKPLAN, a risk evaluation tool of natural hazards developed by the Swiss Federal Office for the Environment (FOEN). The time and location of seismic events in Sichuan were incorporated into three scenarios and calculated with respect to expected losses under different assumed conditions of earthquake occurrence, such as the recurrence interval and magnitude. Furthermore, cost-effectiveness calculations were made regarding the various possible scenarios to assess the ratio of expected losses and the required financial means for prevention and mitigation measures against the effects of seismic activities in Sichuan. Our results show that when the magnitude of the seismic event is greater than expected, reduction and mitigation investments for a possible earthquake risk will be all the more rewarding.

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Section: Discussionmentioning

confidence: 99%

Using RISKPLAN for Earthquake Risk Assessment in Sichuan Province, China

Yan

Seeland

2019

Sustainability

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“…Financial risk management has focused on banking, accounting, and finance [5][6][7][8][9][10][11][12][13][14]. There are many good organizations that have done excellent work to aid organizations dealing with those specific forms of risk, applying many types of models.…”

Section: Introductionmentioning

confidence: 99%

Several consensus protocols with memory of multi-agent systems

Feng

Huang

Shao

2013

Mathematical and Computer Modelling

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a b s t r a c tFinancial risk management has focused on banking, accounting, and finance, and applied all kinds types of models to avoid those specific forms of risk. Risk management may be dealt with using the model of multi-agent systems. In this paper, we consider single-integrator kinematics and double-order-integrator dynamics consensus protocols. These consensus protocols with memory are presented by introducing the last state information (such as position, velocity) of the multi-agent. The numerical results show that these protocols have higher convergence speed.

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“…It is necessary to prevent risk in the implementation process of integrated leapfrogging innovation. Therefore, the research on risk factors, risk map, risk simulation and risk prevention attach great theoretical importance and empirical significance (Wu, 2010;Olson and Wu, 2010).…”

Section: Introductionmentioning

confidence: 99%

Risk in integrated leapfrogging mode of technological innovation

2012

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Purpose -The purpose of this paper is to present an integrated leapfrogging mode of technological innovation for developing countries or latecomer enterprises in a certain industrial innovation field. Furthermore, this paper discusses the basic paradigm of the integrated leapfrogging innovation, analyzes the risk in the integrated leapfrogging mode, and describes the risk map of the integrated leapfrogging mode. Finally, taking the example of the integrated leapfrogging mode of technological innovation in developing China High-speed Railway, this paper carries out the simulation analysis by employing system dynamics model. Design/methodology/approach -In order to examine the impact of the integrated leapfrogging innovation risk on innovative achievements, main risk variables need to be extracted from the process of the integrated leapfrogging innovation, based on the system simulation, relationships among different variables and the impact on innovative achievements can be obtained. Findings -To prevent the risk of the integrated leapfrogging innovation across the innovation, the first thing we need to improve is the contractual relationship, which is to be fair and reasonable, according to the symmetry principles of risks and benefits, and to achieve risk-sharing and revenue sharing, in addition, all parties must be clear about their responsibilities and interests. The second is the reasonable position of the government's behavior, and it hints that the government cannot interfere too much, and its function is to provide service and support instead of ordering. The third is that enterprises should effectively prevent the risk of the integrated leapfrogging innovation through risk identification and risk early warning and risk pre-control approach. Originality/value -A new concept of integrated leapfrogging mode of technological innovation has been put forward, and the risk map of the integrated leapfrogging mode has been described. In addition, this paper proposes some suggestions to prevent the risks of the integrated leapfrogging innovation for enterprises as a reference.

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Earthquakes and Risk Management in China

Cited by 29 publications

References 17 publications

Using RISKPLAN for Earthquake Risk Assessment in Sichuan Province, China

Using RISKPLAN for Earthquake Risk Assessment in Sichuan Province, China

Several consensus protocols with memory of multi-agent systems

Risk in integrated leapfrogging mode of technological innovation

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