Niels-Jørgen Aagaard

Whole life costing

a think-through of costs and benefits of individual measures and a method to evaluate them on a joint basis. For instance, with insurance cover in place, flood victims can get compensation for their loss but the cost for getting cover varies, depending on factors such as efficiency of procurement for repair works, precautionary actions taken, claims history, proportion of low risk homeowners in the pool, and quality and quantity of protection infrastructure in place. The cost of one measure has a bearing on the use of others, so there are complicated trade-offs to make in the choice of flood management measures. A systematic presentation of these trade-offs can help the reader mould a holistic view on the interconnection of flood impacts and their responses. In the long run, flood management could greatly benefit from inputs from economists or finance experts in the development of capability to address higher-level strategic questions. Featuring a wide coverage of topics and a rich medley of perspectives from academia, industry and government, this book furnishes state of the art knowledge on flood management. Most of the chapters are written in a prescriptive and self-contained manner and are thus easy for referencing. However, some strategic questions to be answered by flood management are addressed in a sporadic way, calling into question whether it is beneficial to give readers more direction at the outset and restructure the focus of chapters in a new edition. The price implies that the target buyers are mainly professionals or researchers who exhibit low demand elasticity to price. In spite of the rising importance of flood management in society, this price is pitched at the top end of the market.

Whole Life Costing: A New Approach Peter Caplehorn, Routledge, London, 2012 136 pp., ISBN 978 0 415 43423 2, £34.99 (pb)

a think-through of costs and benefits of individual measures and a method to evaluate them on a joint basis. For instance, with insurance cover in place, flood victims can get compensation for their loss but the cost for getting cover varies, depending on factors such as efficiency of procurement for repair works, precautionary actions taken, claims history, proportion of low risk homeowners in the pool, and quality and quantity of protection infrastructure in place. The cost of one measure has a bearing on the use of others, so there are complicated trade-offs to make in the choice of flood management measures. A systematic presentation of these trade-offs can help the reader mould a holistic view on the interconnection of flood impacts and their responses. In the long run, flood management could greatly benefit from inputs from economists or finance experts in the development of capability to address higher-level strategic questions. Featuring a wide coverage of topics and a rich medley of perspectives from academia, industry and government, this book furnishes state of the art knowledge on flood management. Most of the chapters are written in a prescriptive and self-contained manner and are thus easy for referencing. However, some strategic questions to be answered by flood management are addressed in a sporadic way, calling into question whether it is beneficial to give readers more direction at the outset and restructure the focus of chapters in a new edition. The price implies that the target buyers are mainly professionals or researchers who exhibit low demand elasticity to price. In spite of the rising importance of flood management in society, this price is pitched at the top end of the market.

Whole life costing: A new approach

a think-through of costs and benefits of individual measures and a method to evaluate them on a joint basis. For instance, with insurance cover in place, flood victims can get compensation for their loss but the cost for getting cover varies, depending on factors such as efficiency of procurement for repair works, precautionary actions taken, claims history, proportion of low risk homeowners in the pool, and quality and quantity of protection infrastructure in place. The cost of one measure has a bearing on the use of others, so there are complicated trade-offs to make in the choice of flood management measures. A systematic presentation of these trade-offs can help the reader mould a holistic view on the interconnection of flood impacts and their responses. In the long run, flood management could greatly benefit from inputs from economists or finance experts in the development of capability to address higher-level strategic questions. Featuring a wide coverage of topics and a rich medley of perspectives from academia, industry and government, this book furnishes state of the art knowledge on flood management. Most of the chapters are written in a prescriptive and self-contained manner and are thus easy for referencing. However, some strategic questions to be answered by flood management are addressed in a sporadic way, calling into question whether it is beneficial to give readers more direction at the outset and restructure the focus of chapters in a new edition. The price implies that the target buyers are mainly professionals or researchers who exhibit low demand elasticity to price. In spite of the rising importance of flood management in society, this price is pitched at the top end of the market.