Economics and strategic decisions

Better understanding of the economic costs of disasters and their risks, and the risk-reducing benefits of treatments can build a more compelling case that improves the likelihood of risk treatments being resourced and implemented.

Furthermore, better understanding of the economic and policy environment within which decisions are made, and improved understanding of how risk information is perceived and understood by decision making bodies, can allow risk-reduction proposals to be presented in a more compelling manner, that increases the likelihood of resourcing and implementation. 

This cluster of research projects focuses on developing the tools required to undertake sound economic analysis of the costs and benefits of different emergency management decisions.