Economic Analysis for Collapse Hazard Areas
AbstractIn 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
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Heo, B.-Y.; Heo, W.-H. Economic Analysis for Collapse Hazard Areas. Appl. Sci. 2017, 7, 693.
Heo B-Y, Heo W-H. Economic Analysis for Collapse Hazard Areas. Applied Sciences. 2017; 7(7):693.Chicago/Turabian Style
Heo, Bo-Young; Heo, Won-Ho. 2017. "Economic Analysis for Collapse Hazard Areas." Appl. Sci. 7, no. 7: 693.
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