Application of statistical techniques to proportional loss data: Evaluating the predictive accuracy of physical vulnerability to hazardous hydro-meteorological events. (15th September 2019)
- Record Type:
- Journal Article
- Title:
- Application of statistical techniques to proportional loss data: Evaluating the predictive accuracy of physical vulnerability to hazardous hydro-meteorological events. (15th September 2019)
- Main Title:
- Application of statistical techniques to proportional loss data: Evaluating the predictive accuracy of physical vulnerability to hazardous hydro-meteorological events
- Authors:
- Chow, Candace
Andrášik, Richard
Fischer, Benjamin
Keiler, Margreth - Abstract:
- Abstract: Knowledge about the cause of differential structural damages following the occurrence of hazardous hydro-meteorological events can inform more effective risk management and spatial planning solutions. While studies have been previously conducted to describe relationships between physical vulnerability and features about building properties, the immediate environment and event intensity proxies, several key challenges remain. In particular, observations, especially those associated with high magnitude events, and studies designed to evaluate a comprehensive range of predictive features are both limited. To build upon previous developments, we described a workflow to support the continued development and assessment of empirical, multivariate physical vulnerability functions based on predictive accuracy. Within this workflow, we evaluated several statistical approaches, namely generalized linear models and their more complex alternatives. A series of models were built 1) to explicitly consider the effects of dimension reduction, 2) to evaluate the inclusion of interaction effects between and among predictors, 3) to evaluate an ensemble prediction method for applications where data observations are sparse, 4) to describe how model results can inform about the relative importance of predictors to explain variance in expected damages and 5) to assess the predictive accuracy of the models based on prescribed metrics. The utility of the workflow was demonstrated on dataAbstract: Knowledge about the cause of differential structural damages following the occurrence of hazardous hydro-meteorological events can inform more effective risk management and spatial planning solutions. While studies have been previously conducted to describe relationships between physical vulnerability and features about building properties, the immediate environment and event intensity proxies, several key challenges remain. In particular, observations, especially those associated with high magnitude events, and studies designed to evaluate a comprehensive range of predictive features are both limited. To build upon previous developments, we described a workflow to support the continued development and assessment of empirical, multivariate physical vulnerability functions based on predictive accuracy. Within this workflow, we evaluated several statistical approaches, namely generalized linear models and their more complex alternatives. A series of models were built 1) to explicitly consider the effects of dimension reduction, 2) to evaluate the inclusion of interaction effects between and among predictors, 3) to evaluate an ensemble prediction method for applications where data observations are sparse, 4) to describe how model results can inform about the relative importance of predictors to explain variance in expected damages and 5) to assess the predictive accuracy of the models based on prescribed metrics. The utility of the workflow was demonstrated on data with characteristics of what is commonly acquired in ex-post field assessments. The workflow and recommendations from this study aim to provide guidance to researchers and practitioners in the natural hazards community. Highlights: a workflow to develop and assess multivariate physical vulnerability functions based on predictive accuracy. Updatable workflow components support consideration of new data and information in the future. Utility of workflow demonstrated on ex-post data. Pre-processing of damage data prior to modelling highly recommended. Insights from model results provides guidance for future data collection and understanding of damage drivers. … (more)
- Is Part Of:
- Journal of environmental management. Volume 246(2019)
- Journal:
- Journal of environmental management
- Issue:
- Volume 246(2019)
- Issue Display:
- Volume 246, Issue 2019 (2019)
- Year:
- 2019
- Volume:
- 246
- Issue:
- 2019
- Issue Sort Value:
- 2019-0246-2019-0000
- Page Start:
- 85
- Page End:
- 100
- Publication Date:
- 2019-09-15
- Subjects:
- Multivariate analysis -- Predictive accuracy -- Dimension reduction -- Proportional loss -- Empirical physical vulnerability functions -- Hydro-meteorological hazards
Environmental policy -- Periodicals
Environmental management -- Periodicals
Environment -- Periodicals
Ecology -- Periodicals
363.705 - Journal URLs:
- http://www.sciencedirect.com/science/journal/03014797 ↗
http://www.elsevier.com/journals ↗
http://www.idealibrary.com ↗
http://firstsearch.oclc.org ↗ - DOI:
- 10.1016/j.jenvman.2019.05.084 ↗
- Languages:
- English
- ISSNs:
- 0301-4797
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 4979.383000
British Library DSC - BLDSS-3PM
British Library HMNTS - ELD Digital store - Ingest File:
- 14161.xml