Damage, Loss, and Risk Modelling in Flood Events: A Case Study of the Dâmbu River, Romania

Maria Ilinca Cheveresan () and Mihai Valentin Stancu ()
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Maria Ilinca Cheveresan: Technical University of Civil Engineering Bucharest, Romania
Mihai Valentin Stancu: DHI SW Project

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 24-28

Abstract: Flood events are among the most devastating natural disasters, causing significant direct and indirect damages across various socio-economic sectors. Accurate damage, loss, and risk modeling are essential for implementing effective flood risk management strategies, particularly in regions prone to recurrent flooding. This article explores a structured methodology for flood damage and loss modeling in Romania, focusing on the Dâmbu River basin as a case study. By employing damage functions, classifying damages, and identifying typologies of vulnerable elements, this study provides insights into risk quantification and mitigation strategies. The findings underscore the necessity of localized, high-resolution data for accurate flood risk mapping to inform policy and community resilience.

Keywords: flood damage modeling; risk assessment; damage functions; typologies of vulnerable elements; EU Flood Directive; flood resilience (search for similar items in EconPapers)
JEL-codes: Q54 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:24-28

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