The Economic Evaluation of Floods Using Spatial Software Aplication

Ekaterina Bogomilova ()
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Ekaterina Bogomilova: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2017, issue 1, 95-108

Abstract: The economic evaluation in the case of floods includes the full costs and benefits of activities such as prevention, response and recovery, i.e. before, during and after the occurrence of the event. The aim of this study is based on an open source geographical software application for flood modelling with different heights of the tidal wave by means of which to evaluate the costs and benefits of specific alternatives and to show how the costs of preventing floods have an impact on a given region. For the purposes of this article several floods in the city of Lukovit are subject to flood modelling. The selected area has a specific topology which makes it difficult in terms of flood protection. This is also determined by the fact that 3 major rivers (the Iskar River, Vit River, Zlatna Panega) and other smaller ones pass through the region.

Keywords: floods; geographical software application; flood modeling; assessment of costs and benefits (search for similar items in EconPapers)
JEL-codes: C31 C63 H76 (search for similar items in EconPapers)
Date: 2017
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