Economic optimisation of flood risk management projects

The Netherlands has developed a flood risk management policy based on an economic rationale. After the flood disaster of 1953, when a large area of the south-western part of the country was flooded and more than 1800 people lost their lives, the so-called Delta Committee was installed, whose main purpose was to coordinate actions towards a...

Economic implications of multi-layer safety projects for flood protection

Recent experience of large-scale water disasters such as Hurricane Katrina in 2005 and the Great Eastern Japan Earthquake and Tsunami in 2011 has reminded mankind that disasters cannot be ruledout. Unprecedented low-probability events can happen even in the most well monitored areas, causing major social-economic disruption. Failing to prepare...