Transactions and friction as concepts to guide disaster recovery policy
| Autor: | William Siembieda |
|---|---|
| Rok vydání: | 2012 |
| Předmět: |
Sustainable development
Global and Planetary Change Engineering Operations research business.industry Geography Planning and Development Disaster recovery Management Monitoring Policy and Law Environmental economics Recovery period Resource (project management) Natural hazard business Safety Research Database transaction |
| Zdroj: | International Journal of Disaster Risk Science. 3:38-44 |
| ISSN: | 2192-6395 2095-0055 |
| Popis: | Large-scale disaster events in Japan (2011), New Zealand (2011), Chile (2010), and China (2008) generate a need for understanding the dynamics of multilocation disaster recovery. This article uses analogs from contemporary economic theory to model recovery interactions over time and over large geographic areas. The model consists of the external and internal sectors and how they engage in transactions during the recovery period. The concept of transaction is developed and its use as a policy tool explored. The concepts of friction and uncertainty are introduced as barriers to efficient and effective completion of the transactions needed for recovery. Friction adds time and resource costs, while uncertainty slows the completion of transactions entered into by recovery stakeholders. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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