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Water risks, including the lack of access to fresh water for personal and industrial use, droughts, floods, and water contamination, are problems that are not new, yet, they are amplifying in the face of climate change, population growth, and rapid economic development. Properly identifying, measuring, and managing these risks as well as taking advantage of related mitigation opportunities is essential for the future well-being of firms across various industries, investors who invest in these firms, local and federal governments, and ultimately our society as a whole. This edited book sheds light on this topic by examining the unique measurement and modelling challenges associated with either the scarcity or overabundance of water and their interaction with finance and society. Specifically, it explores approaches to assess and operationalize water risk, examines the vulnerability of institutions and markets, and discusses strategies for risk mitigation.
This book sheds light on the topic of financial water risk by examining the modeling challenges associated with physical, regulatory, and reputational water risk in finance. It explores various approaches to operationalize water risk from a financial analysis, investment management, and climate science perspective. The analysis of tools to assess water risk provides the basis for the development of appropriate risk-return management techniques in finance and beyond. This book provides new insights by focusing on financial water threats and their related opportunities. It will be of interest to both academics and practitioners who work at the interface of finance, economics, nature, and society.
Water risks and security are a major global hazard in the 21st century and it is essential that water professionals have a solid grounding in the principles of preventative risk management. This second edition of the key textbook, Risk Management for Water and Wastewater Utilities, extends beyond first principles and examines the practicalities of resilience and vulnerability assessment, strategic risk appraisal and the interconnectedness of water utility risks in a networked infrastructure. It provides an up-dated overview of tools and techniques for risk management in the context of the heightened expectations for sound risk governance that are being made of all water and wastewater utilities. Risk Management for Water and Wastewater Utilities provides a valuable starting point for newly appointed risk managers in the utility sector and offers MSc level self-paced study with self-assessment questions and abbreviated answers, key learning points, case studies and worked examples.
This new edition of a classic text has now been extensively updated to include the latest developments in risk analysis and water quality assessment and management. It takes into account the role of ecological water quality in integrated regional and transboundary water resources management, according to the latest UNESCO programmes and the new EU-Water Framework Directive. This practice-oriented textbook is a unique tool for identifying and evaluating local and regional environmental risks from pollution hazards in groundwater, river water and coastal seawaters. The book explains different risk-based probabilistic methodologies and fuzzy logic-based approaches and includes various mathematical models for water quality simulation and theories, such as the decision analysis, the utility theory and the integrated risk-based multi-criteria assessment and management, in order to thoroughly evaluate several case studies from the real world. Questions testing the reader?s understanding are given at the end of each chapter, and a useful appendix provides hints for answering them as well the solutions themselves.
Water Engineering Modeling and Mathematic Tools provides an informative resource for practitioners who want to learn more about different techniques and models in water engineering and their practical applications and case studies. The book provides modelling theories in an easy-to-read format verified with on-site models for specific regions and scenarios. Users will find this to be a significant contribution to the development of mathematical tools, experimental techniques, and data-driven models that support modern-day water engineering applications. Civil engineers, industrialists, and water management experts should be familiar with advanced techniques that can be used to improve existing systems in water engineering. This book provides key ideas on recently developed machine learning methods and AI modelling. It will serve as a common platform for practitioners who need to become familiar with the latest developments of computational techniques in water engineering. - Includes firsthand experience about artificial intelligence models, utilizing case studies - Describes biological, physical and chemical techniques for the treatment of surface water, groundwater, sea water and rain/snow - Presents the application of new instruments in water engineering
Environmental Modeling and Health Risk Analysis (ACTS/RISK) The purpose of this book is to provide the reader with an integrated perspective on several ?elds. First, it discusses the ?elds of environmental modeling in general and multimedia (the term “multimedia” is used throughout the text to indicate that environmental transformation and transport processes are discussed in association with three environmental media: air, groundwater and surface water pathways) environmental transformation and transport processes in particular; it also provides a detailed description of numerous mechanistic models that are used in these ?elds. Second, this book presents a review of the topics of exposure and health risk analysis. The Analytical Contaminant Transport Analysis System (ACTS) and Health RISK Analysis (RISK) software tools are an integral part of the book and provide computational platforms for all the models discussed herein. The most recent versions of these two software tools can be downloaded from the publisher’s web site. The author recommends registering the software on the web download page so that users can receive updates about newer versions of the software.
Examines timely multidisciplinary applications, problems, and case histories in risk modeling, assessment, and management Risk Modeling, Assessment, and Management, Third Edition describes the state of the art of risk analysis, a rapidly growing field with important applications in engineering, science, manufacturing, business, homeland security, management, and public policy. Unlike any other text on the subject, this definitive work applies the art and science of risk analysis to current and emergent engineering and socioeconomic problems. It clearly demonstrates how to quantify risk and construct probabilities for real-world decision-making problems, including a host of institutional, organizational, and political issues. Avoiding higher mathematics whenever possible, this important new edition presents basic concepts as well as advanced material. It incorporates numerous examples and case studies to illustrate the analytical methods under discussion and features restructured and updated chapters, as well as: A new chapter applying systems-driven and risk-based analysis to a variety of Homeland Security issues An accompanying FTP site—developed with Professor Joost Santos—that offers 150 example problems with an Instructor's Solution Manual and case studies from a variety of journals Case studies on the 9/11 attack and Hurricane Katrina An adaptive multiplayer Hierarchical Holographic Modeling (HHM) game added to Chapter Three This is an indispensable resource for academic, industry, and government professionals in such diverse areas as homeland and cyber security, healthcare, the environment, physical infrastructure systems, engineering, business, and more. It is also a valuable textbook for both undergraduate and graduate students in systems engineering and systems management courses with a focus on our uncertain world.
Global Flood Hazard Subject Category Winner, PROSE Awards 2019, Earth Science Selected from more than 500 entries, demonstrating exceptional scholarship and making a significant contribution to the field of study. Flooding is a costly natural disaster in terms of damage to land, property and infrastructure. This volume describes the latest tools and technologies for modeling, mapping, and predicting large-scale flood risk. It also presents readers with a range of remote sensing data sets successfully used for predicting and mapping floods at different scales. These resources can enable policymakers, public planners, and developers to plan for, and respond to, flooding with greater accuracy and effectiveness. Describes the latest large-scale modeling approaches, including hydrological models, 2-D flood inundation models, and global flood forecasting models Showcases new tools and technologies such as Aqueduct, a new web-based tool used for global assessment and projection of future flood risk under climate change scenarios Features case studies describing best-practice uses of modeling techniques, tools, and technologies Global Flood Hazard is an indispensable resource for researchers, consultants, practitioners, and policy makers dealing with flood risk, flood disaster response, flood management, and flood mitigation.
Although many theoretical developments have been achieved in recent years, the progress both in understanding and application of risk and reliability analysis in water resources and environmental engineering remains slow. One of the reasons seems to be the lack of training of engineers with phenomena of statistical nature, including optimum cost and benefit decisions under uncertainty. This book presents, in a unified and comprehensive framework, the various aspects of risk and reliability in bothwater quantity and quality problems. The topics covered include uncertainty analysis of water quantity and quality data, stochastic simulation of hydrosystems, decision theory under uncertaintyand case studies. Methods for risk analysis of extremes in hydrology, groundwater clean-up, river and coastal pollution as well as total risk management are presented.