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dc.creatorF. Guesquiere
dc.creatorL. Yamín
dc.creatorO. Mahul
dc.date.accessioned2016-07-28T13:31:20Z
dc.date.available2016-07-28T13:31:20Z
dc.date.issued2006
dc.identifier.citationF. Guesquiere, L. Yamín, O. Mahul. (2006). Earthquake Vulnerability Reduction Program in Colombia A probabilistic cost - benefit analysis. Washington DC. The World Bank
dc.identifier.urihttp://hdl.handle.net/20.500.11762/19884
dc.description.abstractCost-benefit analysis is a standard tool for determining the efficiency of planned projects. However, one of the major difficulties in risk mitigation investments is that benefits are by nature uncertain. In this context, the standard approach relying on the average value of benefits may provide an incomplete picture of the efficiency of the risk mitigation project under consideration. This paper presents a probabilistic cost-benefit analysis relying on a catastrophe risk model. It produces risk metrics such as the exceedance probability curve of the benefit-cost ratio, thus providing the decisionmaker with a more complete risk analysis of the net benefits of the project. This is illustrated with the earthquake vulnerability reduction project in Colombia.
dc.description.sponsorship-
dc.formatDigital (.pdf)
dc.language.isoen
dc.publisherThe World Bank
dc.sourceinstname:Unidad Nacional para la Gestión del Riesgo de Desastresspa
dc.source-
dc.sourcereponame:Repositorio Institucional Unidad Nacional para la Gestión del Riesgo de Desastresspa
dc.subjectColombia
dc.subjectcost-benefit analysis
dc.subjectdisaster risk management
dc.subjectearthquake
dc.subjectprobabilistic risk models.
dc.titleEarthquake Vulnerability Reduction Program in Colombia
dc.title.alternativeA probabilistic cost - benefit analysis
dc.typeinfo:eu-repo/semantics/articlespa
dc.description.departamentoWashington DC
dc.type.spaInforme técnico
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessspa
dc.description.volumenÚnico
dc.type.hasVersioninfo:eu-repo/semantics/acceptedVersionspa


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