A Risk and Decision Analysis Framework to Evaluate Future PM 2.5 Risk: A Case Study in Los Angeles-Long Beach Metro Area

Bowen He and Qun Guan
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Bowen He: Department of Civil and Environmental Engineering, Vanderbilt University, Nashville, TN 37235, USA
Qun Guan: College of Civil Engineering, Hefei University of Technology, Hefei 230009, China

IJERPH, 2021, vol. 18, issue 9, 1-23

Abstract: This study examines the L.A.-Long Beach Metro area concerning the future risk of the PM 2.5 concentration increase. Population expansion, economic growth, and temperature increase are incorporated to estimate the probability of the magnitude of PM 2.5 emission increase. Three possible sectors for the reduction of PM 2.5 emissions are considered: ocean-going vessels, refineries, and electricity-generating units. The decision of how best to allocate emissions-reduction efforts among these three sectors is analyzed using a quantitative and qualitative decision-analysis framework. For quantitative analysis, Expected Monetary Value (EMV) and Expected Utility (EU) methods are used to select the optimal sector to invest in. Based on the EMV calculation, the refineries sector is 3.5 times and 6.4 times more worthy of investment compared to the electricity-generating units and the ocean-going vessels sector, respectively. For the qualitative analysis, three criteria (investment efficiency, implementation difficulty, time to become effective) are considered in the decision-making process and sensitivity analysis is conducted to inform the ocean-going vessel sector is the optimal alternative for all possible scenarios. The refineries sector is more preferred than the electricity-generating units sector when the implementation difficulty’s weight is smaller than 50%. This study provides a valuable risk and decision analysis framework for analyzing the air pollution problem associated with the future PM 2.5 concentration increase caused by three risk factors: population growth, economic growth, and climate change.

Keywords: PM 2.5; risk analysis; decision analysis; expected monetary value (EMV); expected utility (EU); Los Angeles-Long Beach Metro Area (LA-LBMA) (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
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