Risk Management & Environmental Impact Analysis
Classified in Geology
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Risk Assessment Fundamentals
The risk of an event (R) is calculated by multiplying the hazard (P) by the exposure (E) and vulnerability (V), expressed in per unit. The formula is: R = PEV.
Hazard
This is the probability of occurrence of a potentially damaging event in a specific region and at a determined point. Various factors influence hazard, such as the geographic distribution of the event, the surface area, or the return time. The different degrees of risk of an event in a given area are represented on maps called hazard maps.
Exposure
Exposure refers to the total number of people (social exposure), or the total amount of assets (economic exposure), or areas of high ecological value, which can be affected by an event. Similarly, maps are developed... Continue reading "Risk Management & Environmental Impact Analysis" »