Imperial College London
Portrait Picture

DR ANA MIJIC

Faculty of Engineering, Department of Civil and Environmental Engineering

Reader in Water Systems Integration
 
 
 
//

Contact

 

+44 (0)20 7594 3796ana.mijic Website

 
 
//

Assistant

 

Miss Judith Barritt +44 (0)20 7594 5967

 
//

Location

 

310BSkempton BuildingSouth Kensington Campus

//

Summary

 

Publications

Citation

BibTex format

@article{Babovic:2019:10.3390/w11030531,
author = {Babovic, F and Mijic, A},
doi = {10.3390/w11030531},
journal = {Water},
title = {Economic evaluation of adaptation pathways for an urban drainage system experiencing deep uncertainty},
url = {http://dx.doi.org/10.3390/w11030531},
volume = {11},
year = {2019}
}
Download

RIS format (EndNote, RefMan)

TY  - JOUR
AB  - As Decision Making under Deep Uncertainty methodologies are becoming more widely utilised, there has been a growth in the use and generation of Adaptation Pathways. These are meant to convey to policy makers how short-term adaptations can act as elements of longer-term adaptation strategies. However, sets of Adaptation Pathways do not convey the individual pathway’s relative costs and benefits. To address this problem in relation to urban pluvial flooding, an economic analysis of a set of Adaptation Pathways was conducted. Initially, a methodology to conduct an economic assessment for deterministic climate change scenarios is developed. This methodology is then modified, using methods that underpin real options to assess how a pathway performs across a bundle of possible futures. This delivered information on how the performance of adaptations can vary across different climate change scenarios. By comparing the deterministic analysis to the new method, it was found that the order in which options are implemented greatly affects the financial performance of an Adaptation Pathway, even if the final combination of options is identical. The presented methodology has the potential to greatly improve decision making by informing policy makers on the potential performance of adaptation strategies being considered.
AU  - Babovic,F
AU  - Mijic,A
DO  - 10.3390/w11030531
PY  - 2019///
SN  - 2073-4441
TI  - Economic evaluation of adaptation pathways for an urban drainage system experiencing deep uncertainty
T2  - Water
UR  - http://dx.doi.org/10.3390/w11030531
UR  - http://hdl.handle.net/10044/1/68112
VL  - 11
ER  -
Download