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Flooding and the Quantification of ‘Intangibles’
Author(s) -
GREEN C. H.,
PENNINGROWSELL E. C.
Publication year - 1989
Publication title -
water and environment journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.437
H-Index - 37
eISSN - 1747-6593
pISSN - 1747-6585
DOI - 10.1111/j.1747-6593.1989.tb01363.x
Subject(s) - flooding (psychology) , flood myth , cost–benefit analysis , measure (data warehouse) , environmental science , natural resource economics , economics , environmental resource management , water resource management , computer science , geography , psychology , ecology , archaeology , database , psychotherapist , biology
S ources of both systemic and parameter uncertinties in flood alleviation cost‐benefit analysis are discussed. Cost‐benefit analyses are assessments of the future effects of different scheme options; consequently, there are inherent uncertainties. The omission of consideration of some impacts as ‘intangibles’, because it has not been possible to measure them, is a form of systemic uncertainty. A significant omission in the past from flood alleviation cost‐benefit analyses has been the non‐monetary impacts of flooding upon households. It is shown that these impacts are both large and more important to the households affected than are the direct monetary losses.