Rodriguez-BacaRaulierLeduc2016

Reference

Rodriguez-Baca, G., Raulier, F. and Leduc, A. (2016) Rating a Wildfire Mitigation Strategy with an Insurance Premium: A Boreal Forest Case Study. Forests, 7(5):107. (URL )

Abstract

Risk analysis entails the systematic use of historical information to determine the frequency, magnitude and effects of unexpected events. Wildfire in boreal North America is a key driver of forest dynamics and may cause very significant economic losses. An actuarial approach to risk analysis based on cumulative probability distributions was developed to reduce the adverse effects of wildfire. To this effect, we developed spatially explicit landscape models to simulate the interactions between harvest, fire and forest succession over time in a boreal forest of eastern Canada. We estimated the amount of reduction of timber harvest necessary to build a buffer stock of sufficient size to cover fire losses and compared it to an insurance premium estimated in units of timber volume from the probability of occurrence and the amount of damage. Overall, the timber harvest reduction we applied was much more costly than the insurance premium even with a zero interest rate. This is due to the fact that the insurance premium is directly related to risk while the timber harvest reduction is not and, as a consequence, is much less efficient. These results, especially the comparison with a standard indicator such as an insurance premium, have useful implications at the time of choosing a mitigation strategy to protect timber supplies against risk without overly diminishing the provision of services from the forest. They are also promoting the use of insurance against disastrous events in forest management planning.

EndNote Format

You can import this reference in EndNote.

BibTeX-CSV Format

You can import this reference in BibTeX-CSV format.

BibTeX Format

You can copy the BibTeX entry of this reference below, orimport it directly in a software like JabRef .

@ARTICLE { Rodriguez-BacaRaulierLeduc2016,
    AUTHOR = { Rodriguez-Baca, G. and Raulier, F. and Leduc, A. },
    TITLE = { Rating a Wildfire Mitigation Strategy with an Insurance Premium: A Boreal Forest Case Study },
    JOURNAL = { Forests },
    YEAR = { 2016 },
    VOLUME = { 7 },
    PAGES = { 107 },
    NUMBER = { 5 },
    ABSTRACT = { Risk analysis entails the systematic use of historical information to determine the frequency, magnitude and effects of unexpected events. Wildfire in boreal North America is a key driver of forest dynamics and may cause very significant economic losses. An actuarial approach to risk analysis based on cumulative probability distributions was developed to reduce the adverse effects of wildfire. To this effect, we developed spatially explicit landscape models to simulate the interactions between harvest, fire and forest succession over time in a boreal forest of eastern Canada. We estimated the amount of reduction of timber harvest necessary to build a buffer stock of sufficient size to cover fire losses and compared it to an insurance premium estimated in units of timber volume from the probability of occurrence and the amount of damage. Overall, the timber harvest reduction we applied was much more costly than the insurance premium even with a zero interest rate. This is due to the fact that the insurance premium is directly related to risk while the timber harvest reduction is not and, as a consequence, is much less efficient. These results, especially the comparison with a standard indicator such as an insurance premium, have useful implications at the time of choosing a mitigation strategy to protect timber supplies against risk without overly diminishing the provision of services from the forest. They are also promoting the use of insurance against disastrous events in forest management planning. },
    DOI = { 10.3390/f7050107 },
    ISSN = { 1999-4907 },
    OWNER = { nafon9 },
    TIMESTAMP = { 2016.05.24 },
    URL = { http://www.mdpi.com/1999-4907/7/5/107 },
}

********************************************************** ***************** Facebook Twitter *********************** **********************************************************

Abonnez-vous à
l'Infolettre du CEF!

********************************************************** ***************** Pub - Mycorhizes_2019 ****************** **********************************************************

********************************************************** ***************** Pub - Symphonies_Boreales ****************** **********************************************************

********************************************************** ***************** Boîte à trucs *************** **********************************************************

CEF-Référence
La référence vedette !

Jérémie Alluard (2016) Les statistiques au moments de la rédaction 

  • Ce document a pour but de guider les étudiants à intégrer de manière appropriée une analyse statistique dans leur rapport de recherche.

Voir les autres...