Optimal system safety targets: Incorporating hydrodynamic interactions in an economic cost-benefit analysis for flood defence systems

Historically, people in flood-prone areas world-wide have (to a certain degree) accepted the risk of being flooded because of the benefits that flood-prone areas can provide; examples of such benefits are rich agricultural lands or trade advantages. Acceptance and benefits notwithstanding, people living in flood-prone areas have tried, and will...

Economic optimization of flood prevention systems in the Netherlands

After the flood disaster of 1953, the Netherlands adopted a rational approach to flood risk management with the use of protection standards determined by means of cost-benefit analysis. Due to scientific and political developments that have recently taken place, an update of the Dutch protection standards is being undertaken. One of the major...