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Author Simone Wurster; Ulrich Meissen
Title Towards an economic assessment approach for early warning systems: Improving cost-avoidance calculations with regard to private households Type Conference Article
Year 2014 Publication ISCRAM 2014 Conference Proceedings – 11th International Conference on Information Systems for Crisis Response and Management Abbreviated Journal ISCRAM 2014
Volume Issue Pages 439-443
Keywords Disasters; Investments; Early Warning System; Early warning systems; Economic assessments; Investment decisions; Quantitative assessments; Quantitative models; Theoretical framework; Warning technologies; Information systems
Abstract In recent years, Early Warning Systems (EWS) have proven their value by saving many lives. However, most in-vestments into EWS were motivated directly by experienced disaster events and rarely pro-actively by possible up-coming threats. In order to change that we think that besides ethical and humanitarian reasons also the positive economic effects should be analyzed. EWS also help to protect property, but their contribution is not as obvious in that field due to the lack of quantitative models. This paper presents a disaster-independent formula that shows the benefits of EWS. Additional value to existing approaches is based on its advanced focus on behavioral aspects and the benefits of EWS in comparison to warnings issued via social media. We consider this work as an important contribution for future investments into warning technologies. However, yet this model just provides a theoretical framework for necessary empirical studies that are subject of further research.
Address TU Berlin, Germany; Fraunhofer FOKUS, Germany
Corporate Author Thesis
Publisher The Pennsylvania State University Place of Publication University Park, PA Editor S.R. Hiltz, M.S. Pfaff, L. Plotnick, and P.C. Shih.
Language English Summary Language English Original Title
Series Editor Series Title Abbreviated Series Title
Series Volume Series Issue Edition
ISSN 2411-3387 ISBN 9780692211946 Medium
Track Planning, Foresight and Risk Analysis Expedition Conference 11th International ISCRAM Conference on Information Systems for Crisis Response and Management
Notes Approved no
Call Number Serial 1107
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