Whole value at risk for flood damage estimates through spatial data analysis

Effective disaster risk reduction (DRR) for flooding requires a comprehensive estimate of the whole value at risk (WVAR) to inform appropriate and proportionate mitigation expenditure. Conventional flood risk estimation methods focus on the direct effects of inundation on community value and generally ignore collateral effects on assets and populations outside the flooded area. Consequently, conventional methods tend to underestimate the cost …