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Document type:
Zeitschriftenaufsatz 
Author(s):
Špačková, O. ; Straub, D. 
Title:
Cost-Benefit Analysis for Optimization of Risk Protection Under Budget Constraints. 
Abstract:
Cost-benefit analysis (CBA) is commonly applied as a tool for deciding on risk protection. With CBA, one can identify risk mitigation strategies that lead to an optimal tradeoff between the costs of the mitigation measures and the achieved risk reduction. In practical applications of CBA, the strategies are typically evaluated through efficiency indicators such as the benefit-cost ratio (BCR) and the marginal cost (MC) criterion. In many of these applications, the BCR is not consistently defined...    »
 
Keywords:
Benefit-cost ratio; cost-benefit analysis; marginal cost criterion; natural hazards; risk protection optimization; risk-based decision making 
Journal title:
Risk Analysis 
Year:
2015 
Journal volume:
35 
Month:
May 
Journal issue:
Pages contribution:
941–959 
Reviewed:
ja 
Language:
en 
TUM Institution:
FG Risikoanalyse und Zuverlässigkeit