Abstract
Strategies for reducing flood risks and adapting urban systems involve estimating parameters and conducting difficult trade-offs among human, financial, and environmental issues, which are usually conflicting with each other. This way, multicriteria models are useful as they can aid risk-based decision-making by dealing with all these aspects simultaneously, while the decision-maker (DM) exerts a great influence when establishing his/her preferences. However, this problem is usually associated with uncertainties about defining the variables required, and these certainly affect the credibility of the decision. Hence, sensitivity analysis (SA) is a powerful tool for assessing how changes in these variables lead to robust results. In this context, this paper compiles a SA protocol and this includes using a Monte Carlo Simulation in a multicriteria decision model. It aims to prioritize flood risks in urban areas under climate effects. The model quantifies the risk by using Multi-Attribute Utility Theory and aggregates five criteria: accessibility to public services, economic, human, sanitary conditions, and the need for social assistance. By undertaking a critical analysis, the SA links risk and uncertainty so as to deal with climate risks adequately. It simulates the behavior of three groups of input data: climatic variability, exposure to risk, and the DM's preference statements. Our findings explore graphical and statistical tools to provide the DM with a broad range of evidence with the potential to increase confidence in his/her own decisions. Also, innovative insights emerged from conducting this study which leads us to making suggestions for new improvements in the multicriteria model.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.