Open AccessEconomic justification of investment in defense against torrential floods on the example of the Ljubovidja river
Author(s) -
M. Zlatic,
Mirjana Todosijević,
Natalija Momirovic
Publication year - 2015
Publication title -
glasnik šumarskog fakulteta - univerzitet u beogradu/glasnik šumarskog fakulteta
Language(s) - English
Resource type - Journals
eISSN - 2217-8600
pISSN - 0353-4537
DOI - 10.2298/gsf1512121z
Subject(s) - flood myth , investment (military) , flood control , drainage basin , structural basin , control (management) , economic cost , value (mathematics) , business , water resource management , natural resource economics , environmental science , environmental resource management , hydrology (agriculture) , environmental planning , geography , economics , computer science , engineering , law , political science , geology , cartography , archaeology , microeconomics , paleontology , management , machine learning , politics , geotechnical engineering
Torrential floods have caused great material and economic damage in Serbia, in the past and even more frequently nowadays. Definitely, the reduction of negative consequences can be achieved by taking preventive measures which include integral basin arrangement. The economic justification of investment in the protection against torrential floods includes a specific approach, especially when it comes to technical facilities in this area. On the basis of the example of flood control on a part of the river Ljuboviđa, variants of protection were selected on the basis of economic criteria. On the basis of the techniques of avoided damage, evaluation of the economic effects of provided embankments for flood control was done using dynamic methods: the cost-benefit relationship and net present value. It was concluded that the second option is more economical, even though it does not protect the whole area from floods, because a part of that role would be taken over by the intended dam in the upper flow of this river