• DocumentCode
    1737932
  • Title

    Decision analysis for mitigating natural disaster risks

  • Author

    Tamura, Hiroyuki ; Yamamoto, Kouji ; Akazawa, Katsuhiro ; Taji, Kouichi

  • Author_Institution
    Osaka Univ., Japan
  • Volume
    1
  • fYear
    2000
  • fDate
    2000
  • Firstpage
    554
  • Abstract
    This paper aims at developing a methodology of decision analysis for mitigating natural disaster risks arising with low probability for which the expected utility theory of von Neumann and Morgenstern (1947) is inadequate. It is shown that the value function under risk is a useful model for evaluating public risks of extreme events that influence numerous people enormously or the environment badly with low probability
  • Keywords
    decision theory; disasters; probability; risk management; decision analysis; natural disaster risks; probability; public risks; utility theory; value function; Buildings; Costs; Decision making; Earthquakes; Entropy; Fires; Fluctuations; Insurance; Risk analysis; Utility theory;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Systems, Man, and Cybernetics, 2000 IEEE International Conference on
  • Conference_Location
    Nashville, TN
  • ISSN
    1062-922X
  • Print_ISBN
    0-7803-6583-6
  • Type

    conf

  • DOI
    10.1109/ICSMC.2000.885051
  • Filename
    885051
    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=49&DC=1737932