Economic Analysis for Collapse Hazard Areas
Source abstract
Abstract
In order to improve the quality assurance of collapse hazard zone projects, the economic effect of these projects in hazardous areas was analyzed. Ten areas were selected for the analysis to consider historical disaster records, and their effects were analyzed using a benefit/cost (B/C) analysis. The benefit was estimated using the human and material losses in the damage hazard zones and the cost was assumed with the total project cost. Analysis results indicate the B/C ratio is larger than 1 in the difference range, depending on factors such as analysis period and discount rates. According to the analysis results, the average B/C of the ten projects is 3.5. The project implies that a disaster management project in hazardous areas will yield positive investment effects. The results of this study can be applied for improving the ways investment priorities for collapse hazard zones are determined.
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Research context
OpenAlex topics: Insurance and Financial Risk Management
SciVX discovery tags are terminology-based. OpenAlex topics are source-provided classifications.
Affiliations
National Disaster Management Research Institute, Ulsan 44538, Korea
School of Civil and Environmental Engineering, Yonsei University, 50 Yonsei-ro Seodaemun-gu, Seoul 03722, Korea
References (14)
Show source-provided references
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