Dealing with uncertainty in flood management through diversification

Ecology and Society

Volumn 13, Issue 1, 2008, Pages

  Aerts, Jeroen C J H ^a   Botzen, Wouter ^a   van der Ven, Anne ^a   Krywkow, Joerg ^a   Werners, Saskia ^a  

^a NONE

Author keywords

Adaptive water management; Diversification; Flood risk; Modern Portfolio Theory; Uncertainty; Vulnerability

Indexed keywords

ADAPTIVE MANAGEMENT; FLOOD CONTROL; FLOOD DAMAGE; HAZARD ASSESSMENT; RISK ASSESSMENT; STRATEGIC APPROACH; UNCERTAINTY ANALYSIS; VULNERABILITY; WATER MANAGEMENT;

BENELUX; EURASIA; EUROPE; NETHERLANDS; WESTERN EUROPE;

EID: 50249095667     PISSN: None     EISSN: 17083087     Source Type: Journal    
DOI: 10.5751/ES-02348-130141     Document Type: Article

References (34)

1. Aerts, J., and P. Droogers. 2004. Climate change in contrasting river basins: Adaptation strategies for water, food and environment. CABI, London, UK.
2. Aerts, J. C. J. H., H. Renssen, H. Ward, P. J. de Moel, H. Odada, L. M. Bouwer, and H. Goosse. (2006). Sensitivity of global river discharges under Holocene and future climate onditions. Geophysical Research Letters 33(19).
3. Adger, W. N., N. Brooks, M. Kelly, S. Bentham, and S. Eriksen. 2004. New indicators of vulnerability and adaptive capacity. Tyndall Centre Technical Report 7, University of East Anglia, Norwich, UK.
4. Boardman, A. E., D. H. Greenberg, A. R. Vining, and D. L. Weimer. 2006. Cost-benefit analysis: Concept and practice. Third edition. Prentice Hall, Upper Saddle River, New Jersey, USA.
5. Burby, R. J., T. Beatley, P. R. Berke, R. E. Deyle, F. French, S. P. Godschalk, E. J. Kaiser, J. D. Kartez, P. J. May, R. Olshansky, R. G. Paterson, and R. H. Platt. 1999. Unleashing the power of planning to create disaster resistant communities. Journal of the American Planning Association 65:247-258.
6. Botzen, W. J. W., and J. C. J. M. van den Bergh. 2006. Bounded rationality, climate risks and insurance: Is there a market for natural disasters? Instituut voor Milieuvraagstukken (IVM) working paper 06/ 08, Amsterdam, The Netherlands.
7. Costanza, R., H. Daly, C. Folke, P. Hawken, C. S. Holling, A. J. McMichael, and D. Pimentel. 2000. Managing our environmental portfolio. BioScience 50:149.
8. Downing, T., S. Bharwani, C. Warwick, and G. Ziervogel. 2005. Climate adaptation: Actions, strategies and capacity from an actor oriented perspective. SEI working paper, v March 2005, SEI Oxford, UK.
9. Ministry of Transport, Public Works and Water Management Road and Hydraulic Engineering Division (DWW). 2005a. Flood risks and safety in the Netherlands (Floris). Interim report. DWW-2006-13, The Hague, The Netherlands.
10. Ministry of Transport, Public Works and Water Management Road and Hydraulic Engineering Division (DWW). 2005b. Veiligheid Nederland in Kaart Globale schadeberekening. DWW, Delft, The Netherlands.
11. Elton, E. J., and M. J. Gruber. 1995. Modern portfolio theory and iInvestment analysis. John Wiley, New York, New York, USA.
12. Figge, F. 2004. Bio-folio: Applying portfolio theory to biodiversity. Biodiversity and Conservation 13:827-849.
13. Folke, C., S. Carpenter, T. Elmqvist, L. Gunderson, C. S. Holling, and B. Walker. 2002. Resilience and sustainable development: Building adaptive capacity in a world of transformations. Ambio 31:437-440.
14. Fraser, E. D. G., W. Mabee, and F. Figge. 2005. A framework for assessing the vulnerability of food systems to future shocks. Futures 37:465-479.
15. Füssel, H. M., and R. J. T. Klein. 2006. Climate change vulnerability assessments: An evolution of conceptual thinking. Climatic Change 75:301-329.
16. Gleick, P. 2003. Global freshwater resources: Soft-path solutions for the 21st, century. Science 302:1524-1528.
17. Groom, B., C. Hepburn, P. Koundouri, and D. Pearce. 2005. Discounting the future: The long and the short of it. Environmental and Resource Economics 32:445-493.
18. Intergovernmental Panel on Climate Change (IPCC) 2001. Climate change 2001: Impacts, adaptation and vulnerability. Contribution of Working Group II to the Third Assessment Report of the IPCC. J. J. McCarthy, O. F. Canziani, N. A. Leary, D. J. Dokken, and K. S. White, editors. Cambridge University Press, Cambridge, UK.
19. Levy, J. K., and J. Hall. 2005. Advances in flood risk management under uncertainty. Stochastic Environmental Research and Risk Assessment 19:375-377.
20. Markowitz, H. 1952. Portfolio selection. Journal of Finance 17:77-91.
21. O'Brien, B. J., and M. J. Sculpher. 2000. Building uncertainty into cost-effectiveness rankings portfolio risk-return tradeoffs and implications for decision rules. Medical Care 38:460.
22. O'Brien, K., S. Eriksen, A. Schjolden, and L. Nygaard. 2004. What's in a word? Conflicting interpretations of vulnerability in climate change research. CICERO Working paper, Oslo, Norway.
23. Pahl-Wostl, C., T. Downing, P. Kabat, P. Magnuszewski, J. Meigh, M. Schlueter, J. Sendzimir, and S. Werners. 2005. Transitions to adaptive water management: The NeWATER project. [online] URL: www.usf.uni-osnabrueck.de/projects/newater/downloads/ newater_wp01.pdf.
24. Penning-Rowsell, E. C., C. Johnson, S. Tunsall, S. Tapsell, J. Morris, J. Chatterton, and C. H. Green. 2005. The benefits of flood and coastal risk management: A manual of assessment techniques, Defra, London, UK.
25. Pearce, D., B. Groom, C. Hepburn, and P. Koundouri. 2003. Valuing the future: Recent advances in social discounting. World Economics 4:121-141.
26. Smit, B., I. Burton, R. Klein, and J. Wandel. 2000. An anatomy of adaptation to climate change and variability: Climatic Change 45:223-251.
27. Ross, S. A., R. W. Westerfield, and J. F. Jaffe. 2002. Corporate finance. Sixth edition. McGraw-Hill, New York, New York, USA.
28. Sendi, P. M. J., M. Gafni, and S. Birch. 2004. Portfolio theory and the alternative decision role of cost-effectiveness analysis: theoretical and practical considerations. Social Science and Medicine 58:1853.
29. Sendi, P., M. J., and F. F. H. Rutten. 2004. Portfolio theory and cost-effectiveness analysis: A further discussion. Value in Health 7:595.
30. Sendi, P. M. J., and H. Zimmermann. 2004. A risk-adjusted approach to comparing the return on investment in health care programs. International Journal of Health Care Finance and Economics 4:199.
31. Ten Brinke, W. B. M., and B. A. Bannink. 2004. Risico's in bedijkte termen. RIVM rapport 500799002, Bilthoven, The Netherlands.
32. Tonhasca, A., and D. N. Byrne. 1994. The effects of crop diversification on herbivorous insects: A meta-analysis approach. Ecological Entomology 1-9: 239-244.
33. Vellinga, P. 2003. Klimaatverandering en de veiligheid van Nederland. Erasmus lezing. Erasmus Liga, The Hague, The Netherlands.
34. Van der Veen, A., and C. J. J. Logtmeijer. 2005. Economic hotspots: Visualising vulnerability to flooding. Natural Hazards 36:65-80.