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Natural Disaster Risk Management

In: Enterprise Risk Management Models

Author

Listed:
  • David L. Olson

    (University of Nebraska)

  • Desheng Dash Wu

    (Stockholm University
    University of Chinese Academy of Sciences)

Abstract

By definition, natural disasters are surprises, and cause inconvenience and damage. Some things we do to ourselves, such as revolutions, terrorist attacks, and wars. Some things nature does to us, to include hurricanes, tornados, volcanic eruptions, and tsunamis. Some disasters are caused by combinations of human and natural causes. We dam rivers to control floods, to irrigate, to generate power, and for recreation, but dams have burst causing immense flooding. We have developed low-pollution, low-cost (at the time) electricity through nuclear power. Yet with plant failure, new protective systems have made the price very high, and we have not figured out how to acceptably dispose of the waste. While natural disasters come as surprises, we can be prepared. This chapter addresses natural domain risks in the form of disaster management.

Suggested Citation

  • David L. Olson & Desheng Dash Wu, 2017. "Natural Disaster Risk Management," Springer Texts in Business and Economics, in: Enterprise Risk Management Models, edition 2, chapter 13, pages 175-192, Springer.
    • Handle: RePEc:spr:sptchp:978-3-662-53785-5_13
    DOI: 10.1007/978-3-662-53785-5_13
    as

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