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Damage, Loss, and Risk Modelling in Flood Events: A Case Study of the Dâmbu River, Romania

Author

Listed:
  • Maria Ilinca Cheveresan

    (Technical University of Civil Engineering Bucharest, Romania)

  • Mihai Valentin Stancu

    (DHI SW Project)

Abstract

Flood events are among the most devastating natural disasters, causing significant direct and indirect damages across various socio-economic sectors. Accurate damage, loss, and risk modeling are essential for implementing effective flood risk management strategies, particularly in regions prone to recurrent flooding. This article explores a structured methodology for flood damage and loss modeling in Romania, focusing on the Dâmbu River basin as a case study. By employing damage functions, classifying damages, and identifying typologies of vulnerable elements, this study provides insights into risk quantification and mitigation strategies. The findings underscore the necessity of localized, high-resolution data for accurate flood risk mapping to inform policy and community resilience.

Suggested Citation

  • Maria Ilinca Cheveresan & Mihai Valentin Stancu, 2024. "Damage, Loss, and Risk Modelling in Flood Events: A Case Study of the Dâmbu River, Romania," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 24-28, December.
    • Handle: RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:24-28
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    More about this item

    Keywords

    flood damage modeling; risk assessment; damage functions; typologies of vulnerable elements; EU Flood Directive; flood resilience;
    All these keywords.

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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