Researchers from University of Chinese Academy of Sciences Report Details of New Studies and Findings in the Area of Risk Management (Benchmarking…

Researchers from University of Chinese Academy of Sciences Report Details of New Studies and Findings in the Area of Risk Management (Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion)

By a News Reporter-Staff News Editor at Insurance Weekly News -- Investigators publish new report on Risk Management. According to news reporting originating in Beijing, People's Republic of China, by VerticalNews journalists, research stated, "Benchmarking a credible discount rate is of crucial importance in natural resource damage assessment (NRDA) and restoration evaluation. This article integrates a holistic framework of NRDA with prevailing low discount rate theory, and proposes a discount rate benchmarking decision support system based on service-specific risk aversion."

Financial supporters for this research include Ministry of Science and Technology of the People's Republic of China, National Natural Science Foundation of China, Chinese Academy of Sciences, CAS Strategic Research and Decision Support System Development.

The news reporters obtained a quote from the research from the University of Chinese Academy of Sciences, "The proposed approach has the flexibility of choosing appropriate discount rates for gauging long-term services, as opposed to decisions based simply on duration. It improves injury identification in NRDA since potential damages and side-effects to ecosystem services are revealed within the service-specific framework."

According to the news reporters, the research concluded: "A real embankment case study demonstrates valid implementation of the method."

For more information on this research see: Benchmarking Discount Rate in Natural Resource Damage Assessment with Risk Aversion. Risk Analysis, 2017;():. (Wiley-Blackwell - www.wiley.com/; Risk Analysis - onlinelibrary.wiley.com/journal/10.1111/(ISSN)1539-6924)

Our news correspondents report that additional information may be obtained by contacting D. Wu, Economics and Management School, University of Chinese Academy of Sciences, Beijing, People's Republic of China.

Keywords for this news article include: Asia, Beijing, Risk Management, People's Republic of China.

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