Probabilistic Modeling and Risk Analysis of Flood Disruptions on Regional Industry Sector

Abdul Moeed, Rehman Akhtar

Abstract


In this research work, a probabilistic model is developed for regional marble industry sector. Three cases are studied on the basis of flood intensity. Data is acquired by conducting survey of multiple regional facilities. Based on this model, a probabilistic relation is developed by integrating workforce unavailability in the aftermath of flood with the inoperability of the sector. For this purpose, full day equivalent lost is integrated with dynamic inoperability input output model. On the basis of this inoperability at different time intervals, economic losses are measured.


Keywords


Floods, Inoperability, Economic Loss, Probabilistic Modeling

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References


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DOI: http://dx.doi.org/10.52155/ijpsat.v22.2.2149

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