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Appl. Sci. 2017, 7(7), 693; doi:10.3390/app7070693

Economic Analysis for Collapse Hazard Areas

1
National Disaster Management Research Institute, Ulsan 44538, Korea
2
School of Civil and Environmental Engineering, Yonsei University, 50 Yonsei-ro Seodaemun-gu, Seoul 03722, Korea
*
Author to whom correspondence should be addressed.
Academic Editors: Stefano Invernizzi and Giuseppe Lacidogna
Received: 23 May 2017 / Revised: 26 June 2017 / Accepted: 2 July 2017 / Published: 5 July 2017
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Abstract

In order to improve the quality assurance of collapse hazard zone projects, the economic effect of these projects in hazardous areas was analyzed. Ten areas were selected for the analysis to consider historical disaster records, and their effects were analyzed using a benefit/cost (B/C) analysis. The benefit was estimated using the human and material losses in the damage hazard zones and the cost was assumed with the total project cost. Analysis results indicate the B/C ratio is larger than 1 in the difference range, depending on factors such as analysis period and discount rates. According to the analysis results, the average B/C of the ten projects is 3.5. The project implies that a disaster management project in hazardous areas will yield positive investment effects. The results of this study can be applied for improving the ways investment priorities for collapse hazard zones are determined. View Full-Text
Keywords: collapse; hazard; investment effect analysis; cost; benefit collapse; hazard; investment effect analysis; cost; benefit
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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Heo, B.-Y.; Heo, W.-H. Economic Analysis for Collapse Hazard Areas. Appl. Sci. 2017, 7, 693.

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