Multi-hazard direct economic loss risk assessment on the Tibet Plateau

Abstract

Natural disasters are becoming increasingly regional, frequent, and complex. Semi-quantitative risk assessments based on risk indices or relative risk levels lack quantitative parameters to characterize losses adequately. This study focuses on earthquakes and geological disasters, quantitatively assessing the risk of probable maximum loss (PML) from multi-hazard on the Tibet Plateau (TP) in terms of both absolute and relative values. The results indicate that total PML from multi-hazard on the TP is estimated at 465.5 billion CNY, with a relative value of 5.3%. The total loss value of towns with very high absolute PML is estimated at 254.8 billion CNY, while the relative loss value of towns with very high relative PML is 25.1%. Towns with high absolute value of PML for multi-hazard may have higher fixed asset values, while those with high relative value imply higher vulnerability. Adjusting building structures and reducing the vulnerability of buildings could effectively mitigate the risk of disaster losses caused by multiple hazards.