Premium
How prepared is prepared enough?
Author(s) -
Jongejan Ruben B.,
Helsloot Ira,
Beerens Ralf J.J.,
Vrijling Jan K.
Publication year - 2011
Publication title -
disasters
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.744
H-Index - 70
eISSN - 1467-7717
pISSN - 0361-3666
DOI - 10.1111/j.1467-7717.2010.01196.x
Subject(s) - poison control , human factors and ergonomics , occupational safety and health , suicide prevention , injury prevention , forensic engineering , medical emergency , engineering , transport engineering , computer science , medicine , pathology
Decisions about disaster preparedness are rarely informed by cost‐benefit analyses. This paper presents an economic model to address the thorny question, ‘how prepared is prepared enough?’ Difficulties related to the use of cost‐benefit analysis in the field of disaster management concern the tension between the large number of high‐probability events that can be handled by a single emergency response unit and the small number of low‐probability events that must be handled by a large number of them. A further special feature of disaster management concerns the opportunity for cooperation between different emergency response units. To account for these issues, we introduce a portfolio approach. Our analysis shows that it would be useful to define disaster preparedness not in terms of capacities, but in terms of the frequency with which response capacity is expected to fall short.