Report on Costs and Benefits of Natural Hazard Mitigation

Report on Costs and Benefits of Natural Hazard Mitigation

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Experience at the Federal, State, and local levels during natural disasters, along with a growing body of research, has demonstrated that the losses from such events, in terms of life, property, and community resources, can be substantially reduced when mitigation techniques and technologies are applied. This report illustrates the comparative benefits and costs associated with the implementation of a variety of mitigation measures by governments and private sector entities. It identifies, through a series of case studies, the mitigation tools used to achieve cost-effective hazard mitigation benefits.By comparison, the estimated cost to replace the pumping station in the event of a large earthquake is over $1 7 million dollars. Additionally, each day the water pumping station is not in service costs $1 .4 million in lost services. The totalanbsp;...

Title:Report on Costs and Benefits of Natural Hazard Mitigation
Author: P. Michael Laub
Publisher:DIANE Publishing - 1997-06-01

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