Risk management and disasters

Risk management and disasters Presents a method of analysis to obtain risk profiles for major adverse events. The method is based on a previously published method for probabilistically modelling historical data of past major accidents and disasters. Shows that insurable costs arising from such major events can be modelled using the two‐parameter Weibull distribution. Values of parameters obtained using different data sets are seen to be comparable in value. Discusses the relevance of this work to risk analysis and identifies areas of research requiring future development. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Disaster Prevention and Management Emerald Publishing

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Publisher
Emerald Publishing
Copyright
Copyright © 1996 MCB UP Ltd. All rights reserved.
ISSN
0965-3562
DOI
10.1108/09653569610131744
Publisher site
See Article on Publisher Site

Abstract

Presents a method of analysis to obtain risk profiles for major adverse events. The method is based on a previously published method for probabilistically modelling historical data of past major accidents and disasters. Shows that insurable costs arising from such major events can be modelled using the two‐parameter Weibull distribution. Values of parameters obtained using different data sets are seen to be comparable in value. Discusses the relevance of this work to risk analysis and identifies areas of research requiring future development.

Journal

Disaster Prevention and ManagementEmerald Publishing

Published: Dec 1, 1996

Keywords: Insurance; Modelling; Operational research; Risk

References

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