Real Time flash flood forcasting Research Proposal

Real Time flash flood forcasting - Research Proposal Example Such a plan is aimed at raising the preparedness levels and making response activities by the local authorities’ and the general public more efficient especially during a flash flood3. Such plans integrate the use of technological variables of weather forecasting and GIS-based system for data management processing. This research is aimed at contributing to the development of integrating flash flood management plan in some flood prone areas. The most important things about planning for a flash flood is warning the general public and the response to the floods ensuring that loss of lives and property is minimal. Warnings about flash floods are transmitted by the meteorological departments and the hydrological services in various countries. In all flood management plans, organization and dissemination of information to warn the people is the most important thing4. The first element of a flashflood management strategy is finding out about all those who are at risk and whatever else is at risk. Risk is determined through assessing by establishing the hazards, the levels of exposure and the vulnerability of the people. The hazard entails the magnitude and the probability of occurrence of the flood5. This information can be given in form of maps which outline the borders of the areas at risk and their expected velocity6. Exposure on the other hand is the information of all those who are in danger as well as all what is in harms way. Vulnerability entails the expected losses which are looked at in terms of the geophysical, economic and the societal attributes of a given region. By establishing all the three elements enables those involved in the flood management to adopt the most effective strategies, be it to deal with engineering problems or dealing with the social challenges7. To establish the extent of the three elements, a risk analysis must be conducted. Metrological and hydrological data is essential in determining the hazard levels of an

Economics questions Assignment Example | Topics and Well Written Essays - 1000 words

Economics questions - Assignment Example new or used durable good, the importance of branding and quality in her decision, and her decision to purchase an item that has a warranty or guarantee . A risk-averse customer will trade savings for decreased risk; she will thus be less likely to buy used goods, good she perceives to be of an inferior quality or brand, and more likely to invest in a durable, expensive good which in its price includes a warranty or service guarantee for a period of time. . b. [10 marks] A refrigerator company includes a warranty that provides for free service and repairs during the first two years of ownership of any new refrigerator. The number of reported repairs rises after the warranties are introduced. Explain why this has occurred, referring to both the concepts of moral hazard and adverse selection. This phenomenon can be understood using the concept of moral hazard, in that customers who perceive the warranty to be â€Å"free† or included in the price of the good, might have purchased a refrigerator with or without a warranty, experience the cost of using that warranty once they have purchased the good to be zero. Therefore, problems that might otherwise have been tolerated (such as cosmetic defects), or repaired at the cost of the consumer (such as small parts) are now reportable, warranty-covered repairs. This phenomenon might also be explained by adverse selection, namely that under certain conditions customers and vendors may have differential access to information. Customers may be aware of conditions they intend to expose the refrigerator to (such as extreme heat) that will likely shorten its lifespan or durability, but which the vendor and guarantor of the warranty is unaware of. Customers with such undisclosed intentions may be more drawn to manufacturers offering warranties and thus become over-represented in population of customers once the warranty is introduced. c. [5 marks] In order to solve the problem of excessive repair requests in (b), the