What can economics offer emergency services?
A better understanding of the economic costs of disasters and their risks, and the risk-reducing benefits of mitigation, can build a more compelling case that improves the likelihood of mitigation options being resourced and implemented. The Economics and strategic decisions cluster is focusing on developing the tools required to undertake sound analysis of the costs and benefits of different disaster risk reduction strategies.
This cluster has four linked studies:
- Decision support system for assessment of policy and planning investment options
- Economics of natural hazards
- Mapping and understanding bushfire and natural hazard vulnerability and risks at the institutional scale
- Pre-disaster multi-hazard damage and economic loss estimation model
In the two short videos below, Prof Holger Maier (University of Adelaide) and end-user Ed Pikusa (Department of Environment, Water and Natural Resources SA) outline the aim of the cluster, while Prof Mehmet Ulubasoglu (Deakin University) explains a case study on the economic impacts of the 2010-2011 Queensland floods.