Estimating average annual damage | Economics of natural hazards (6/10)

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 sixth video of the series, Dr Veronique Florec explains how Average Annual Damage is calculated. By the end of this video, you will understand the probabilities of occurrence of natural hazard events of different sizes and how this information is translated into an average number per annum.

Watch video 7, Estimating benefits of mitigation options, here.