Balancing pre-disaster preparedness and post-disaster relief
Fei He and
Jun Zhuang ()
European Journal of Operational Research, 2016, vol. 252, issue 1, 246-256
Abstract:
Challenges associated with resource allocation to mitigate and recover from natural and man-made disasters inspire new theoretical questions for decision making in the intertwined natural and human world. Disaster loss is determined not only by post-disaster relief but also the pre-disaster mitigation and preparedness. To examine the decision making process at ex ante and ex post disaster stages, we develop a two-stage dynamic programming model that optimally allocates preparedness and relief expenditures. We analytically and numerically solve the model and provide new insights by sensitivity analysis.
Keywords: Disaster; Preparedness; Relief (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (18)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:252:y:2016:i:1:p:246-256
DOI: 10.1016/j.ejor.2015.12.048
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