Articles | Volume 16, issue 1
https://doi.org/10.5194/nhess-16-1-2016
https://doi.org/10.5194/nhess-16-1-2016
Research article
 | 
15 Jan 2016
Research article |  | 15 Jan 2016

Uncertainty in flood damage estimates and its potential effect on investment decisions

D. J. Wagenaar, K. M. de Bruijn, L. M. Bouwer, and H. de Moel

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Cited articles

Apel, H., Merz, B., and Thieken, H.: Quantification of uncertainties in flood risk assessments, International Journal of River Basin Management, 6, 149–162, 2008.
Billah, M.: Effectiveness of flood proofing domestic buildings, Msc Thesis, UNESCO-IHE and Dura Vermeer, 2007.
Briene, M., Koppert, S., Koopman, A., and Verkennis, A.: Financiele onderbouwing kengetallen hoogwaterschade, NEI, Ministerie van Verkeer en Waterstaat, Rijkswaterstaat DWW, 2002.
Bubeck, P., Botzen, W. J. W., Kreibich, H., and Aerts, J. C. J. H.: Long-term development and effectiveness of private flood mitigation measures: an analysis for the German part of the river Rhine, Nat. Hazards Earth Syst. Sci., 12, 3507–3518, https://doi.org/10.5194/nhess-12-3507-2012, 2012.
Cammerer, H., Thieken, A. H., and Lammel, J.: Adaptability and transferability of flood loss functions in residential areas, Nat. Hazards Earth Syst. Sci., 13, 3063–3081, https://doi.org/10.5194/nhess-13-3063-2013, 2013.
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This paper discusses the differences that are found between flood damage estimation models. Based on an explanation of these differences, a method to quantify the uncertainty in flood damage models is proposed. An uncertainty estimate is made for a case study and the potential implications of uncertainty in flood damage estimation for investment decisions is shown.
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