Lecture
Mon., Jan. 22
Given some hazard, how do we assess the damages or impacts?
We can quantify this, for example as \[ \textrm{Damage} = \textrm{Vulnerability} \times \textrm{Exposure} \times \textrm{Hazard} \]
Let’s understand these terms through some examples!
Today
Illustrative examples
How to manage exposure and vulnerability?
Some math
Wrapup
\[ \Pr(\textrm{failure}) = f(\textrm{hazard}, \theta) \]
For a given storm, the total damages can be estimated by summing the damages for each property. \[ \textrm{Total damages} = \sum_{i \in \, \textrm{exposure}} \textrm{Hazard}_i \times \textrm{Vulnerability}_i \]
This is the most straightforward example of the exposure-vulnerability-hazard framework
Today
Illustrative examples
How to manage exposure and vulnerability?
Some math
Wrapup
Interventions such as floodproofing can shift the vulnerability curve
Today
Illustrative examples
How to manage exposure and vulnerability?
Some math
Wrapup
The expected value of a function \(f(x)\) of a random variable \(x\) is: \[ \mathbb{E}[f(x)] = \int f(x) p(x) dx \] where \(p(x)\) is the probability density function of \(x\).
In other words, for each possible value of \(x\), calculate \(f(x)\). We then take a weighted average, where the weights are the probability of each value of \(x\).
You cannot get the expected value of a function by plugging the expected value of the random variable into the function. \[ \mathbb{E}[f(x)] \neq f(\mathbb{E}[x]) \]
If we want to calculate the expected damages then we can use this formula \[ \mathbb{E}[f(x)] = \int f(x) p(x) dx \] by defining \(x\) to be the hazard (e.g., flood depth) and \(f(x)\) the damage function.
Important
The key assumption we need is that we know the probability density function \(p(x)\)!
In general, \(\int f(x) p(x) dx\) is hard to compute analytically. We can use Monte Carlo methods to approximate this integral.
Important
Monte Carlo methods are a wide class of computational algorithms for approximating integrals.
If we draw \(N\) samples independently and identically distributed (i.i.d.) from a probability distribution \(p(x)\), denoted as \(\left\{x_i\right\}_{i=1}^N\) where \(x_i \sim p(x)\), then \[ \mathbb{E}[f(x)] \approx \frac{1}{N} \sum_{i=1}^N f(x_i) \]
Tip
Drawing \(N\) samples iid from \(p(x)\) can be inefficient. Most of the samples will be in regions where \(f(x)\) is small, so we are wasting computational effort. There are many clever ways around this.
Running regional flood models is computationally expensive. Often, a model may have been run for a few different nominal return levels. For example, we might have flood depths at each grid for the nominal 10, 25, 50, 100, 250, and 500 year floods.
Today
Illustrative examples
How to manage exposure and vulnerability?
Some math
Wrapup