Assessing strategies for protecting transportation infrastructure from an uncertain climate future

Ali Asadabadi and Elise Miller-Hooks

Transportation Research Part A: Policy and Practice, 2017, vol. 105, issue C, 27-41

Abstract: This paper investigates the importance of explicitly considering the stochastic nature of future climate impact predictions and predictive accuracy for optimal investment planning in the protection of coastal and inland transportation infrastructure against climate impacts. Such impacts include sea level rise, coastal and riverine flooding resulting from more frequent and intense precipitation events, storms, storm surges and other extreme events. For this purpose, numerical experiments utilizing stochastic optimization based methodologies were conducted on a case study of the Washington, D.C. Greater Metropolitan area proximate to the Potomac River under varying climatic predictions. Results from the numerical experiments suggest a 54% reduction in added costs due to the implementation of chosen protective infrastructure investments. They also indicate a reduction in added costs (capital investment and added delays) on the order of 19% when the investments are chosen to hedge against probable future flooding events as compared with planning for the 50th percentile SLR prediction with associated weather events. A potential gain of nearly 27% in reduced costs through improved predictive accuracy in climatic forecasts is also noted, suggesting significant value in more accurate forecasts.

Keywords: Climate change resilience; Transportation protection; Protective infrastructure investment planning; Value of stochastic solution; Expected value of perfect information; Flooding; Critical infrastructure (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (6)

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DOI: 10.1016/j.tra.2017.08.010

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