Studies from University of Pennsylvania Have Provided New Data on Disaster Risk Reduction (Return on investment analysis and its applicability to community disaster preparedness activities: Calculating costs and returns)

2020 JAN 16 (NewsRx) -- By a News Reporter-Staff News Editor at Politics, Law & Government Daily -- Research findings on Disaster Risk Reduction are discussed in a new report. According to news reporting originating from Philadelphia, Pennsylvania, by NewsRx correspondents, research stated, “Return on investment (ROI) analysis is a tool traditionally used in the private sector to evaluate and compare projects and investments. Over the past several decades, the use of ROI analysis has expanded to include a broader array of social and environmental benefits; this is termed social return on investment, or SROI.”

Our news editors obtained a quote from the research from the University of Pennsylvania, “This paper examines the use of SROI analysis to evaluate investments in disaster preparedness. The paper outlines the basic methods and then discusses several challenges to using SROI in this context: the difficulty identifying all returns, especially spillover benefits; the challenge of separating attribution from contribution; the resources required to value nonmarket inputs and outcomes; the need to adequately address uncertainty; and the limitation of addressing distributional issues in SROI analysis.”

According to the news editors, the research concluded: “We explore these issues and the possibility of conducting an SROI of disaster preparedness activities in Tulsa, Oklahoma.”

For more information on this research see: Return on investment analysis and its applicability to community disaster preparedness activities: Calculating costs and returns. International Journal of Disaster Risk Reduction, 2019;41():101296. International Journal of Disaster Risk Reduction can be contacted at: Elsevier, Radarweg 29, 1043 Nx Amsterdam, Netherlands. (Elsevier - www.elsevier.com; International Journal of Disaster Risk Reduction - http://www.journals.elsevier.com/international-journal-of-disaster-risk-reduction/)

The news editors report that additional information may be obtained by contacting C. Kousky, University of Pennsylvania, Wharton Risk Management & Decis Proc Ctr, Philadelphia, PA 19104, United States. Additional authors for this research include B. Lingle, L. Ritchie and K. Tierney.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1016/j.ijdrr.2019.101296. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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