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New PDF release: Economic Consequence Analysis of Disasters: The E-CAT

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

This research develops a technique for speedily acquiring approximate estimates of the commercial outcomes from quite a few common, man-made and technological threats. This software program device is meant to be used through a variety of choice makers and analysts to acquire estimates speedily. it really is programmed in Excel and visible easy for functions (VBA) to facilitate its use. This software is termed E-CAT (Economic final result research device) and debts for the cumulative direct and oblique affects (including resilience and behavioral elements that considerably impact base estimates) at the U.S. financial system. E-CAT is meant to be an immense step towards advancing the present nation of monetary end result research (ECA) and likewise contributing to and constructing curiosity in extra examine into complicated yet fast turnaround approaches.
The essence of the technique comprises working a number of simulations in a computable normal equilibrium (CGE) version for every danger, yielding man made information for the estimation of a unmarried regression equation according to the id of key explanatory variables (threat features and heritage conditions). This transforms the result of a fancy version, that's past the succeed in of such a lot clients, right into a "reduced shape" version that's quite simply understandable. performance has been outfitted into E-CAT in order that its clients can change quite a few outcome different types off and on with the intention to create custom-made profiles of monetary effects of various danger occasions. E-CAT comprises uncertainty on either the enter and output aspect during the analysis.

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Economic Consequence Analysis of Disasters: The E-CAT Software Tool (Integrated Disaster Risk Management) by Adam Rose,Fynnwin Prager,Zhenhua Chen,Samrat Chatterjee,Dan Wei,Nathaniel Heatwole,Eric Warren

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