Coping with Complex Environmental and Societal Flood Risk Management Decisions: An Integrated Multi-criteria Framework

Karin Hansson, Aron Larsson, Mats Danielson and Love Ekenberg
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Karin Hansson: Department of Computer and Systems Sciences, Stockholm University, Forum 100, Kista SE-164 40, Sweden
Aron Larsson: Department of Computer and Systems Sciences, Stockholm University, Forum 100, Kista SE-164 40, Sweden
Mats Danielson: Department of Computer and Systems Sciences, Stockholm University, Forum 100, Kista SE-164 40, Sweden
Love Ekenberg: Department of Computer and Systems Sciences, Stockholm University, Forum 100, Kista SE-164 40, Sweden

Sustainability, 2011, vol. 3, issue 9, 1-24

Abstract: During recent years, a great deal of attention has been focused on the financial risk management of natural disasters. One reason behind is that the economic losses from floods, windstorms, earthquakes and other disasters in both the developing and developed countries are escalating dramatically. It has become apparent that an integrated water resource management approach would be beneficial in order to take both the best interests of society and of the environment into consideration. One improvement consists of models capable of handling multiple criteria (conflicting objectives) as well as multiple stakeholders (conflicting interests). A systems approach is applied for coping with complex environmental and societal risk management decisions with respect to flood catastrophe policy formation, wherein the emphasis is on computer-based modeling and simulation techniques combined with methods for evaluating strategies where numerous stakeholders are incorporated in the process. The resulting framework consists of a simulation model, a decision analytical tool, and a set of suggested policy strategies for policy formulation. The framework will aid decision makers with high risk complex environmental decisions subject to significant uncertainties.

Keywords: decision; democracy; multiple criteria; natural disasters; policy formulation; risk (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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