Uncertainty in flood damage estimates and its potential effect on investment  decisions

Wagenaar, D. J.; de Bruijn, K. M.; Bouwer, L. M.; de Moel, H.

doi:https://doi.org/10.5194/nhess-16-1-2016

Articles | Volume 16, issue 1

https://doi.org/10.5194/nhess-16-1-2016

© Author(s) 2016. This work is distributed under
the Creative Commons Attribution 3.0 License.

https://doi.org/10.5194/nhess-16-1-2016

© Author(s) 2016. This work is distributed under
the Creative Commons Attribution 3.0 License.

Articles | Volume 16, issue 1

Research article

|

15 Jan 2016

Research article |

| 15 Jan 2016

Uncertainty in flood damage estimates and its potential effect on investment decisions

D. J. Wagenaar, K. M. de Bruijn, L. M. Bouwer, and H. de Moel

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Final revised paper (published on 15 Jan 2016)
Preprint (discussion started on 21 Jan 2015)

Interactive discussion

Status: closed

AC: Author comment | RC: Referee comment | SC: Short comment | EC: Editor comment

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- Supplement

RC C100: 'Clarity of Topic and Definitions Requested', William Lehman, 02 Mar 2015
- AC C1140: 'Response to comments reviewer #1 (William Lehman)', Dennis Wagenaar, 26 Jun 2015
RC C572: 'Uncertainty in flood damage estimates and its potential effect on investment decisions', Anonymous Referee #2, 04 May 2015
- AC C1144: 'Response to comments reviewer #2', Dennis Wagenaar, 26 Jun 2015
EC C1422: 'Editor Comment', Bruce D. Malamud, 02 Aug 2015

Short summary

This paper discusses the differences that are found between flood damage estimation models. Based on an explanation of these differences, a method to quantify the uncertainty in flood damage models is proposed. An uncertainty estimate is made for a case study and the potential implications of uncertainty in flood damage estimation for investment decisions is shown.