Risk management and disasters

A.Z. Keller (Founder and former Director of the Disaster Prevention and Limitation Unit at the University of Bradford, UK and)
A.F. Al‐Madhari (Assistant Professor at the College of Management Science and Planning, King Faisal University, Al Hasa, Saudi Arabia)

Disaster Prevention and Management

ISSN: 0965-3562

Publication date: 1 December 1996

Abstract

Presents a method of analysis to obtain risk profiles for major adverse events. The method is based on a previously published method for probabilistically modelling historical data of past major accidents and disasters. Shows that insurable costs arising from such major events can be modelled using the two‐parameter Weibull distribution. Values of parameters obtained using different data sets are seen to be comparable in value. Discusses the relevance of this work to risk analysis and identifies areas of research requiring future development.

Keywords

Citation

Keller, A. and Al‐Madhari, A. (1996), "Risk management and disasters", Disaster Prevention and Management, Vol. 5 No. 5, pp. 19-22. https://doi.org/10.1108/09653569610131744

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Publisher

:

MCB UP Ltd

Copyright © 1996, MCB UP Limited

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