2017
DOI: 10.1002/2017wr020784
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Tree‐based flood damage modeling of companies: Damage processes and model performance

Abstract: Reliable flood risk analyses, including the estimation of damage, are an important prerequisite for efficient risk management. However, not much is known about flood damage processes affecting companies. Thus, we conduct a flood damage assessment of companies in Germany with regard to two aspects. First, we identify relevant damage‐influencing variables. Second, we assess the prediction performance of the developed damage models with respect to the gain by using an increasing amount of training data and a sect… Show more

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Cited by 43 publications
(96 citation statements)
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References 57 publications
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“…The random forest, which is an ensemble learning method of n tree-based classifiers, is an alternative method that was used in a study case in Germany to identify variables that influence damages and model flood damages [49]. The AHP method presents many advantages: it is appropriate for group decision making; it works with both quantitative and qualitative input data; the stakeholders can answer the pairwise question easily; it allows a hierarchical configuration of the criteria; it enables evaluating the consistency of preference; and it provides a measure of a level of consistent judgment supported by a theoretical background.…”
Section: Intensity Of Importance Definitionmentioning
confidence: 99%
“…The random forest, which is an ensemble learning method of n tree-based classifiers, is an alternative method that was used in a study case in Germany to identify variables that influence damages and model flood damages [49]. The AHP method presents many advantages: it is appropriate for group decision making; it works with both quantitative and qualitative input data; the stakeholders can answer the pairwise question easily; it allows a hierarchical configuration of the criteria; it enables evaluating the consistency of preference; and it provides a measure of a level of consistent judgment supported by a theoretical background.…”
Section: Intensity Of Importance Definitionmentioning
confidence: 99%
“…Publicly available data sets, such as from openstreetmap.org, can provide specific information such as the occupancy or height of buildings at the object level (Figueiredo & Martina, 2016). This kind of information could be used to assess damage caused to individual buildings by means of, for example, engineering-based hurricane damage models (Pita et al, 2013;Vickery et al, 2006) or multivariable flood damage models (Merz et al, 2013;Sieg et al, 2017;Wagenaar et al, 2017). So far, state-of-the-art damage models (Prahl et al, 2016;Sieg et al, 2017;Wagenaar et al, 2017) are not able to keep up with this development causing a gap between what is currently done and what improvements would theoretically be feasible.…”
Section: 1029/2018ef001122mentioning
confidence: 99%
“…Considering only one object, it can be seen that the point estimate, that is, the mean, is a rather unlikely value within the skewed damage distribution (Figure 2, k = 1, and Figure S1). In most cases, the point estimate for single objects will overestimate or underestimate the flood damage, which results in large errors as observed in Seifert et al (2010), Sieg et al (2017), and Wagenaar et al (2017). The higher the number of objects, by summing up their damage estimates, the better the empirical distribution fits to a normal distribution (Central Limit Theorem).…”
Section: The Role Of Vulnerability Uncertaintymentioning
confidence: 99%
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“…Per analysis, cases with missing values were excluded. Further details on the surveys and the data processing are published by Thieken et al (2007Thieken et al ( , 2016aThieken et al ( , 2017, Kreibich et al (2007b) and Sieg et al (2017). Answers provided to questions mainly related to flood warning and emergency measures are analysed for this study.…”
Section: Surveys and Datamentioning
confidence: 99%