TY - GEN
T1 - Integrating Benefit-Cost Analysis and Monte Carlo Simulation to Prioritize Flood Mitigation Projects and Model Flood-Related Uncertainties
AU - Mohammadi, Mohsen
AU - Assaad, Rayan H.
N1 - Publisher Copyright:
© CRC 2024. All rights reserved.
PY - 2024
Y1 - 2024
N2 - Historic and recent flood events show how susceptible communities are to floods. In the future, it is anticipated that areas prone to flooding will see a substantial increase in population density, which increases the damages of flooding events. In addition, climate change and rising sea levels may increase the frequency and severity of large-scale floods. This reflects that flood mitigation projects need to be properly planned and implemented. Hence, this paper aims to identify cost-effective flood mitigation measures for possible implementation in Essex County, New Jersey. First, the benefits were quantified for three potential flood mitigation measures/projects: elevation, wet floodproofing, and dry floodproofing under different scenarios. Second, the costs were estimated for the different alternative flood mitigating measures. Third, benefit-cost analysis and Monte Carlo simulation were conducted to select the most cost-effective measure(s). The results showed that while wet floodproofing and dry floodproofing might be more cost-effective than elevation, they do not provide the same protection level as elevation measures. This paper contributes to the body of knowledge by providing a framework that helps communities make informed decisions about their flood-related risks and money and prioritize projects to decrease flood losses by increasing the level of protection against flood hazards.
AB - Historic and recent flood events show how susceptible communities are to floods. In the future, it is anticipated that areas prone to flooding will see a substantial increase in population density, which increases the damages of flooding events. In addition, climate change and rising sea levels may increase the frequency and severity of large-scale floods. This reflects that flood mitigation projects need to be properly planned and implemented. Hence, this paper aims to identify cost-effective flood mitigation measures for possible implementation in Essex County, New Jersey. First, the benefits were quantified for three potential flood mitigation measures/projects: elevation, wet floodproofing, and dry floodproofing under different scenarios. Second, the costs were estimated for the different alternative flood mitigating measures. Third, benefit-cost analysis and Monte Carlo simulation were conducted to select the most cost-effective measure(s). The results showed that while wet floodproofing and dry floodproofing might be more cost-effective than elevation, they do not provide the same protection level as elevation measures. This paper contributes to the body of knowledge by providing a framework that helps communities make informed decisions about their flood-related risks and money and prioritize projects to decrease flood losses by increasing the level of protection against flood hazards.
KW - Benefit-Cost Analysis
KW - Flood Mitigation
KW - Monte Carlo Simulation
UR - http://www.scopus.com/inward/record.url?scp=85188680151&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85188680151&partnerID=8YFLogxK
U2 - 10.1061/9780784485279.026
DO - 10.1061/9780784485279.026
M3 - Conference contribution
AN - SCOPUS:85188680151
T3 - Construction Research Congress 2024, CRC 2024
SP - 247
EP - 256
BT - Sustainability, Resilience, Infrastructure Systems, and Materials Design in Construction
A2 - Shane, Jennifer S.
A2 - Madson, Katherine M.
A2 - Mo, Yunjeong
A2 - Poleacovschi, Cristina
A2 - Sturgill, Roy E.
PB - American Society of Civil Engineers (ASCE)
T2 - Construction Research Congress 2024, CRC 2024
Y2 - 20 March 2024 through 23 March 2024
ER -