Calculating and interpreting benefit-cost analysis results | Economics of natural hazards (9/10)
This video series has been created for anyone in the emergency management sector who is interested in learning how to apply economic analyses to the management of natural hazards.
In the ninth video of the series, Dr Veronique Florec covers how to calculate the results of a benefit-cost analysis, what criteria is used to choose the best mitigation option, and under which circumstances a different criterion is used. By the end of this video, you will know how to calculate and interpret net present values, benefit-cost ratios and internal rate of return, why they are important and how to use them.
Watch video 10, Risk and uncertainty, here.