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close this bookDisaster and Development - Trainer's Guide - 1st edition (Disaster Management Training Programme, 57 p.)
close this folderPARTS THREE AND FOUR: ASSESSING TRADE-OFFS IN INVESTING IN VULNERABILITY REDUCTION AND FORGING THE LINKS BETWEEN DISASTER AND DEVELOPMENT(45 minutes)
View the document25. Learning objectives
View the document26. Comparing development investments
View the document27. Definitions
View the document28. Estimating losses, costs and benefits
View the document29. Advantages of formal quantitative methods
View the document30. Summary
View the document31. Learning objectives
View the document32. Role of the UN and NGOs
View the document33. Collaborating constituencies
View the document34. Question
View the document35. Involving the affected community
View the document36. Question

27. Definitions


Figure

Review these definitions and point out mat despite me factors discussed in me previous discussion, forward thinking leaders are beginning to see me benefits of preparedness/mitigation. This is partially due to seeing matters from me point of view of these concepts.

"OPPORTUNITY COSTS"



"The opportunity cost of a resource is the cost of its next best alternative"


"NET PRESENT VALUE"

"All things being equal, money available for productive investment now is worth more than money available in the future."