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Economic Consequence Analysis of Disasters

The E-CAT Software Tool

  • Adam Rose
  • Fynnwin Prager
  • Zhenhua Chen
  • Samrat Chatterjee
  • Dan Wei
  • Nathaniel Heatwole
  • Eric Warren

Part of the Integrated Disaster Risk Management book series (IDRM)

Table of contents

  1. Front Matter
    Pages i-xlv
  2. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 1-8
  3. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 9-17
  4. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 19-30
  5. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 31-65
  6. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 67-76
  7. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 77-86
  8. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 87-97
  9. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 99-108
  10. Adam Rose, Fynnwin Prager, Zhenhua Chen, Samrat Chatterjee, Dan Wei, Nathaniel Heatwole et al.
    Pages 109-114
  11. Back Matter
    Pages 115-137

About this book

Introduction

This study develops a methodology for rapidly obtaining approximate estimates of the economic consequences from numerous natural, man-made and technological threats. This software tool is intended for use by various decision makers and analysts to obtain estimates rapidly. It is programmed in Excel and Visual Basic for Applications (VBA) to facilitate its use. This tool is called E-CAT (Economic Consequence Analysis Tool) and accounts for the cumulative direct and indirect impacts (including resilience and behavioral factors that significantly affect base estimates) on the U.S. economy. E-CAT is intended to be a major step toward advancing the current state of economic consequence analysis (ECA) and also contributing to and developing interest in further research into complex but rapid turnaround approaches.

The essence of the methodology involves running numerous simulations in a computable general equilibrium (CGE) model for each threat, yielding synthetic data for the estimation of a single regression equation based on the identification of key explanatory variables (threat characteristics and background conditions). This transforms the results of a complex model, which is beyond the reach of most users, into a "reduced form" model that is readily comprehensible. Functionality has been built into E-CAT so that its users can switch various consequence categories on and off in order to create customized profiles of economic consequences of numerous risk events. E-CAT incorporates uncertainty on both the input and output side in the course of the analysis.

Keywords

Economics of natural disasters Business interruption Economic resilience Behavioral response Economic consequence of terrorism Natural hazards Technological accidents

Authors and affiliations

  • Adam Rose
    • 1
  • Fynnwin Prager
    • 2
  • Zhenhua Chen
    • 3
  • Samrat Chatterjee
    • 4
  • Dan Wei
    • 5
  • Nathaniel Heatwole
    • 6
  • Eric Warren
    • 7
  1. 1.CREATEUniversity of Southern CaliforniaLos AngelesUSA
  2. 2.College of Business Administration and Public PolicyCalifornia State University, Dominguez HillsLos AngelesUSA
  3. 3.City and Regional PlanningThe Ohio State UniversityColumbusUSA
  4. 4.Applied Statistics & Computational ModelingPacific Northwest National LaboratoryRichlandUSA
  5. 5.CREATEUniversity of Southern CaliforniaLos AngelesUSA
  6. 6.Acumen, LLCBurlingameUSA
  7. 7.CREATEUniversity of Southern CaliforniaLos AngelesUSA

Bibliographic information

  • DOI https://doi.org/10.1007/978-981-10-2567-9
  • Copyright Information Springer Science+Business Media Singapore 2017
  • Publisher Name Springer, Singapore
  • eBook Packages Economics and Finance
  • Print ISBN 978-981-10-2566-2
  • Online ISBN 978-981-10-2567-9
  • Series Print ISSN 2509-7091
  • Series Online ISSN 2509-7105
  • Buy this book on publisher's site
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