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A new viewpoint on risk control decision models for natural disasters

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  • Chun-Pin Tseng
  • Cheng-Wu Chen
  • Yu-Ping Tu

Abstract

This study describes a critical assessment of the risk control decision model from a methodological perspective and identifies major shortcomings with the employment of enhanced formal evaluation and decision-making methods. This in turn could have major applications for natural disaster risk control. The methodology follows the description of interpretive structural modeling (ISM), which is an interactive learning process in which a set of different and directly related elements is structured to form a comprehensive systemic model. The next step explores the potentials of different mathematical programming approaches in order to improve decision making, i.e., for the development of an economic utility constrained-maximization model that addresses the issue of optimal budget allocation under a trade-off framework. Several aspects of risk and uncertainty are discussed within the context of an economic utility constrained-maximization model with a major focus on the importance of risk and uncertainty in research evaluation, and how the strategy determines the insurance and risk control plans. Copyright Springer Science+Business Media B.V. 2011

Suggested Citation

  • Chun-Pin Tseng & Cheng-Wu Chen & Yu-Ping Tu, 2011. "A new viewpoint on risk control decision models for natural disasters," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 59(3), pages 1715-1733, December.
  • Handle: RePEc:spr:nathaz:v:59:y:2011:i:3:p:1715-1733
    DOI: 10.1007/s11069-011-9861-1
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    Cited by:

    1. Edward Gu & Tianguang Meng & Hongying Wang & Alexander Zhang, 2023. "E-Government Use, Perceived Transparency, Public Knowledge of Government Performance, and Satisfaction with Government: An Analysis of Mediating, Moderating, and Framing Mechanisms Based on the COVID-," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 169(1), pages 79-124, September.
    2. Wen-Ko Hsu & Wei-Ling Chiang & Qiang Xue & Dung-Mou Hung & Pei-Chun Huang & Cheng-Wu Chen & Chung-Hung Tsai, 2013. "A probabilistic approach for earthquake risk assessment based on an engineering insurance portfolio," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 65(3), pages 1559-1571, February.
    3. Wen-Ko Hsu & Chun-Pin Tseng & Wei-Ling Chiang & Cheng-Wu Chen, 2012. "Risk and uncertainty analysis in the planning stages of a risk decision-making process," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 61(3), pages 1355-1365, April.
    4. C. Chen & T. Chen & Y. Chen & S. Yu & P. Chung, 2013. "Storm surge prediction with management information systems: A case study of estimating value and observations system," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 66(2), pages 1009-1027, March.
    5. Cheng-Wu Chen & Chun-Pin Tseng & Wen-Ko Hsu & Wei-Ling Chiang, 2012. "A novel strategy to determine the insurance and risk control plan for natural disaster risk management," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 64(2), pages 1391-1403, November.
    6. Cheng-Wu Chen & Kevin Liu & Meng-Lung Lin & Chun-Pin Tseng, 2013. "A new viewpoint of hazard assessment and management for Taiwan’s insurance issues," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 65(1), pages 303-314, January.
    7. Xiaoyan Jiang & Kun Lu & Bo Xia & Yong Liu & Caiyun Cui, 2019. "Identifying Significant Risks and Analyzing Risk Relationship for Construction PPP Projects in China Using Integrated FISM-MICMAC Approach," Sustainability, MDPI, vol. 11(19), pages 1-31, September.
    8. Cheng-Wu Chen & Kevin Liu & Chun-Pin Tseng & Wen-Ko Hsu & Wei-Ling Chiang, 2012. "Hazard management and risk design by optimal statistical analysis," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 64(2), pages 1707-1716, November.
    9. Wen-Ko Hsu & Wei-Ling Chiang & Cheng-Wu Chen, 2013. "Earthquake risk assessment and optimal risk management strategies for Hi-Tech Fabs in Taiwan," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 65(3), pages 2063-2076, February.
    10. Chih-Wei Lin & Cheng-Wu Chen & Wen-Ko Hsu & Chia-Yen Chen & Chung-Hung Tsai & Yi-Ping Hung & Wei-Ling Chiang, 2013. "Application of a feature-based approach to debris flow detection by numerical simulation," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 67(2), pages 783-796, June.
    11. Cheng-Wu Chen & Ching-Chung Lee & Chia-Hung Chen & Chun-Pin Tseng, 2013. "The integration of nautical hazard assessment and harbor GIS models to the Taichung Port area in Taiwan," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 67(2), pages 275-294, June.
    12. Chun-Pin Tseng & Cheng-Wu Chen, 2012. "Natural disaster management mechanisms for probabilistic earthquake loss," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 60(3), pages 1055-1063, February.
    13. Cheng-Wu Chen & Ching-Chung Lee & Chun-Pin Tseng & Chia-Hung Chen, 2013. "Application of GIS for the determination of hazard hotspots after direct transportation linkages between Taiwan and China," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 66(2), pages 191-228, March.
    14. Avinash, A. & Sasikumar, P. & Murugesan, A., 2018. "Understanding the interaction among the barriers of biodiesel production from waste cooking oil in India- an interpretive structural modeling approach," Renewable Energy, Elsevier, vol. 127(C), pages 678-684.

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