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The economics of dam failure: Another look at catastrophic losses
Author(s) -
Cochrane Hal
Publication year - 1989
Publication title -
water resources research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.863
H-Index - 217
eISSN - 1944-7973
pISSN - 0043-1397
DOI - 10.1029/wr025i009p01931
Subject(s) - dam failure , flood myth , flood control , hazard , risk analysis (engineering) , catastrophic failure , measure (data warehouse) , control (management) , environmental science , dam break , computer science , reliability engineering , environmental resource management , forensic engineering , engineering , business , geography , data mining , chemistry , physics , archaeology , artificial intelligence , thermodynamics , organic chemistry
This paper revises the framework for incorporating the risk of catastrophic failure in the evaluation of new and existing high‐hazard dams. The paper demonstrates that by including both losses to structures and lost flood control benefits, the current method of computing risk costs introduces some measure of double counting. Several rebuilding scenarios are discussed and related to the loss of flood control benefits.