Assessing economic risk, safety standards, and decision-making

Matthijs Kok*

*Corresponding author for this work

Research output: Chapter in Book/Conference proceedings/Edited volumeChapterScientificpeer-review

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Abstract

Risk-informed decision-making needs methods for assessing flood risk, and often the flooding probability and the consequences of floods (such as economic damage and fatalities) play an important role in the risk assessment. Also, measures to reduce the flood risk need to be formulated, in order to make a risk-informed decision, whether to accept the risk or to implement measures to reduce or to transfer the risk. These measures can be technical (for example, storm surge barriers) but can also be in the area of spatial planning or crises management. The outcome of such a process might be formalized in a “safety standards,” which can be used for the design of measures. These standards show remarkable differences between the United States, the United Kingdom, and the Netherlands.

Original languageEnglish
Title of host publicationCoastal Flood Risk Reduction
Subtitle of host publicationThe Netherlands and the U.S. Upper Texas Coast
EditorsSamuel Brody, Yoonjeong Lee , Baukje Bee Kothuis
PublisherElsevier
Pages137-148
Number of pages12
ISBN (Electronic)9780323852517
ISBN (Print)9780323852524
DOIs
Publication statusPublished - 2022

Bibliographical note

Green Open Access added to TU Delft Institutional Repository 'You share, we take care!' - Taverne project https://www.openaccess.nl/en/you-share-we-take-care
Otherwise as indicated in the copyright section: the publisher is the copyright holder of this work and the author uses the Dutch legislation to make this work public.

Keywords

  • Costs
  • Economic risk
  • Flood risk
  • Loss of life
  • Safety standards

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