||Flood Proofing Decisions Under Uncertainty: An Application to the Connecticut River Basin.
Aklil, Petros ;
Willi, Cleve E. ;
||Massachusetts Univ., Amherst. Water Resources Research Center.
||Pub-33; DI-14-31-0001-3896; OWRR-B-028-MASS; 04463,; B-028-MASS(1)
Flood control ;
Flood plains ;
Decision making ;
Connecticut River basin ;
Benefit cost analysis ;
Computer programs ;
Flood proofing ;
Flood plain management
||Most EPA libraries have a fiche copy filed under the call number shown. Check with individual libraries about paper copy.
Results are presented of the economic potential of flood proofing measures for reducing flood damages. The empirical application focuses on several communities in the Connecticut River Basin. A literature review of flood proofing measures and a treatment of decision-making under uncertainty are included. A partial equilibrium framework (model) for making flood proofing choices for various types of structures is also provided. The output of this model takes the form of expected values and standard deviations of net benefits from flood proofing. These computer results are tabulated, and some remarks are made concerning the incidence of benefits and costs of such flood damage reduction measures. (Modified author abstract)