A critical analysis of residential flood damage estimation curves
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A critical review of the problems encountered in attempting to quantify flood damage is used to demonstrate inconsistencies, omissions, and variabilities among previous studies and procedures. A reasonable procedure for updating residential depth – damage data from previous studies is shown to involve use of the all-items consumer price index. Recommended strategies for flood damage estimation involve calibration of synthetic stage – damage data to observed flood damage data.
[1] Edward A. McBean,et al. Forecasting Relative Price Movements for Project Evaluation , 1984 .