Economic Aspects of Integrated Flood Management

 
 

 Brief description

 

Economic analysis provides the rationality for taking action as it provides some perspectives on the scale of impact and feasibility. The expected benefits of the flood management interventions can be evaluated vis-vis the expected costs, to facilitate the decision-making process. However, it has to be kept in mind that economic analysis on the other hand it contains many assumptions and has certain limitations. It fails to address the issues of equity and often those benefits and costs that are not readily apparent and are beyond assessment such as environmental service. Multi-criteria analysis (MCA) complements economic analysis.

 

This paper addresses following issues

 

Introduction to economic analysis and understanding its role in a decision-making process with a brief description of appraisal methods.

Cost-benefit analysis (CBA) as a main analytical tool of economic analysis. Assessment of primary and secondary benefits of a project and cost estimation. Various methodologies for estimating non-market value and the limitation of CBA. 

Economic evaluation techniques for the adjustment of the value of different times. Risks and uncertainties in the cost benefit analysis. Concept of MCA as a complementary to CBA. Role and significance of public participation in the process.

Sources of financing to support the process and enhance the resilience of society.  

 
 Download: Economic Aspects of Integrated Flood Management (PDF) 
                                                      English  (1.3MB)
 

 

 

This publication presents approaches that help address socially relevant and environmentally friendly economic analysis, targeting flood managers in particular. This publication owes a considerable debt to many people. Particular thanks are extended to those who made major inputs from:

 
Professor Kamta Prasad, Chairman, Institute for Resource Management and Economic Development (IRMED), India;  

Professor Colin Green, Flood Hazard Research Centre, Middlesex University, United Kingdom.

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