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Master's Theses and Project Reports

2009

Benefit Cost Analysis

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Santa Barbara Tea Fire Multi-Hazard Mitigation Benefit Cost Analysis, David S. Flamm Jun 2009

Santa Barbara Tea Fire Multi-Hazard Mitigation Benefit Cost Analysis, David S. Flamm

Master's Theses and Project Reports

ABSTRACT

Santa Barbara Tea Fire Multi-Hazard Mitigation Benefit Cost Analysis

David S Flamm

This study examines the benefits and costs associated with the outright purchase of properties for hazard mitigation (“property acquisition mitigation”) in Santa Barbara, California which reduced four properties’ exposure to multiple hazards. The results indicate that the estimated overall benefit-cost ratio for property acquisition mitigation projects is 1.75:1 when the exposed properties meet a threshold of eminent threat for total loss. This study further suggests that when property acquisitions are performed in an area threatened by multiple hazards the mitigation becomes two to three times ...