SUMMARY
ASSESSING RISK AND VULNERABILITY

Quantification of the level of risk is an
essential aspect of both preparedness planning and mitigation planning

By UN definition, the term risk refers to
the expected losses from a particular hazard to a specified element at risk in a
particular future time period. Loss may be estimated in terms of human lives, or
buildings destroyed or in financial terms.

There are 3 essential components to the
quantification of risk:
Hazard occurrence probability, defined
as the probability of occurrence of a specified natural hazard at a specified
severity level in a specified future tune period
Elements at risk, an inventory of those people or
artifacts which are exposed to the hazard and
Vulnerability, the degree of loss to each element
should a hazard of a given severity occur.

The probability of occurrence of the
extreme levels of natural hazards which may cause a disaster maybe estimated by
statistical extrapolation from data on the normal levels of occurrence. The
accuracy of such estimates depends on the amount and completeness of data and
the period of time over which it has been collected. Historical records can be
an invaluable source of information.

Recurrence frequency and intensity of
most natural hazards varies from place to place - hazard mapping may be used to
show this variation. For some, notably geological hazards, detailed local
mapping (micro-zoning) can be used to establish local variations and assist
land-use planning decisions. For others only coarse mapping of geographical
areas at risk is possible.

Vulnerability assessment involves first
identifying all the elements which may be at risk from a particular hazard.
Local knowledge may be used to complete the inventory, and census data to
enumerate the elements at risk

Loss functions in the form of
vulnerability curves or damage probability matrices may be obtained for some
elements at risk (buildings, people) based on past experience elsewhere.

Many aspects of vulnerability are
unquantifiable, and these should not be overlooked.

Because hazards tend to be
uncontrollable, much mitigation work is centered on reducing vulnerability.
Improved economic conditions reduce many aspects of vulnerability and a sound
economy may in many cases be the best defense against disaster.

Risk is compiled from hazard and
vulnerability data and from the inventory of elements at risk. A variety of ways
of presenting risk are available such as f:N curves, scenario mapping, potential
loss mapping and annualized risk.
NOTES
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