HI2: A New Measure of Hurricane Impact for Innovation in Enterprise Risk Management

HI2：飓风对企业风险管理创新影响的新衡量标准

• 批准号: 1131392
• 负责人: Daan Liang
• 金额: $ 35.04万
• 依托单位: Texas Tech University
• 依托单位国家: 美国
• 项目类别: Standard Grant
• 财政年份: 2011
• 资助国家: 美国
• 起止时间: 2011-09-01 至 2017-08-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1131392&HistoricalAwards=false
• 关键词: HI2; New; Measure; Hurricane; Impact

The objective of this research is to create a Hurricane Impact Index (HI2) serving as basis and catalyst for innovation in enterprise risk management. As a result of global climate change and rapid growth in coastal regions, businesses and communities are facing unprecedented challenges in preparing for and recovering from natural disasters. Traditional methods, processes, and techniques in risk management used for mitigating severity and/or frequency of adverse situations at individual enterprises have proven ineffective in catastrophic events like hurricanes whose impacts are experienced on a much larger scale and in manners that are often nonlinear. The proposed Hurricane Impact Index is a paradigm shift aimed at continuously measuring realized effect on business operations and economic performance through observation of physical and economic conditions and advanced modeling of system interdependencies. It would fundamentally transform the way hurricane risk is characterized, managed, and mitigated with the aim to fill a critical knowledge gap in quantifying and modeling hurricane-induced damages. The framework of this research can be readily extended to other natural hazards such as earthquake and flooding. Specific aims to be pursued include: 1) Comprehensive and continual assessment of physical damages to built environment; and 2) Development and validation of the Hurricane Impact Index. The success of this work will represent an important step towards our long term goal of establishing alternative mechanisms of risk transfer and risk hedging that are more efficient, transparent, and market-driven.The creation of Hurricane Impact Index will give rise to more powerful and cost-effective financial instruments complementing existing weather-based derivatives and insurance policies. It can play a crucial role in not only stimulating innovations in risk management but also supporting decision making and policymaking on community sustainability and resiliency. Integrated in the project is a plan for broad dissemination of findings through workshops and technology transfer and commercialization in addition to standard academic outlets. The project will support doctoral students in wind science and engineering with sustained effort for recruiting students from underrepresented groups. These activities collectively will provide valuable training opportunities for graduate and undergraduate students, nurture the next generation of experts in multidisciplinary disaster-focused research, and contribute to the knowledgebase of hazard mitigation.

这项研究的目的是创建飓风撞击指数（HI2），作为企业风险管理创新的基础和催化剂。由于全球气候变化和沿海地区的快速增长，企业和社区在准备和从自然灾害中恢复时面临着前所未有的挑战。在灾难性事件（如飓风中，其影响）在飓风中的影响无效，这些风险管理中的传统方法，过程和技术用于缓解严重程度和/或频率，这些事件的影响在更大的规模和经常非线性的男人方面经历。拟议的飓风影响指数是一种范式转变，旨在通过观察物理和经济状况以及对系统相互依存的高级建模，不断地衡量对业务运营和经济绩效的实现影响。它从根本上改变了飓风风险的特征，管理和缓解方式，目的是填补量化和建模飓风引起的损害赔偿的关键知识差距。这项研究的框架很容易扩展到其他自然危害，例如地震和洪水。要追求的具体目标包括：1）对建筑环境的物理损害进行全面和持续的评估； 2）飓风影响指数的发展和验证。这项工作的成功将是朝着我们长期目标迈出的重要一步，即建立更有效，透明和市场驱动的风险转移和风险对冲机制。飓风影响指数的创建将产生更强大和具有成本效益的金融工具，以补充现有的天气衍生物和基于天气的衍生产品和保险政策。它不仅可以刺激风险管理中的创新，还支持对社区可持续性和弹性的决策和决策，也可以发挥至关重要的作用。该项目集成在项目中，除了标准的学术渠道外，还通过研讨会和技术转移和商业化广泛传播发现的计划。该项目将持续努力为风风科学和工程学的博士生提供支持，以招募来自代表性不足的团体的学生。这些活动集体将为研究生和本科生提供宝贵的培训机会，培养以多学科灾难为中心研究的下一代专家，并为减轻危害的知识基础做出贡献。