Advances in Economics and Disaster Forensics: A Multi-criteria Disaster Forensics Analysis (MCDFA) of the 2012 Kahuku Wi
The discipline of economics and its many sub- and closely related disciplines offer valuable modeling techniques to relate and apply forensic theory, insight and analysis to disaster related research. We herein propose advances in economics and disaster f
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Abstract The discipline of economics and its many sub- and closely related disciplines offer valuable modeling techniques to relate and apply forensic theory, insight and analysis to disaster related research. We herein propose advances in economics and disaster forensics to also reduce disaster risk and assess the direct and indirect impacts of disasters. This chapter constitutes a landmark attempt to address, comprehensively and in-depth, the many timely and important issues associated with using the field of economics to build a culture of disaster prevention and to understand the root cause and complex causality of disasters. In particular, advances in microeconomic, macroeconomic and forensic analyses are used to assess the causes and consequences of energy related disasters. A timely, original and valuable Multi-Criteria Disaster Forensics Analysis (MCDFA) approach for the forensic analyses of disasters is put forth and the 2012 battery room fire at the Kahuku wind-energy storage farm on Oahu, Hawaii is used as a case study to illustrate the proposed approach. Modeling identifies dynamic volt-amp reactive (D-VAR) technology as a preferred alternative over lead acid batteries for the Kahuku windfarm.
Keywords Disaster forensics Energy storage system Macroeconomics Microeconomics Multi-criteria disaster forensics analysis (MCDFA) Political economic theory renewable energy Windfarms
J. Levy (&) P. Yu Honolulu, USA e-mail: [email protected] © Springer International Publishing Switzerland 2016 A.J. Masys (ed.), Disaster Forensics, Advanced Sciences and Technologies for Security Applications, DOI 10.1007/978-3-319-41849-0_15
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J. Levy and P. Yu
1 Introduction Disaster losses are on the rise around the world in both developing and developed countries. A number of high impact and low probability events have occurred in the past decade alone: in the period from 2005 to 2014 more than six thousand natural and technologic disasters occurred, killing nearly one million people and causing more than one trillion dollars in economic losses [47]. Prior to the 20th century the discipline of economics was known as political economics (the convergence of politics and economics) and economic considerations continue to play a central role in our modern disaster forensics policies. However, recent accidents, injuries, fatalities in the energy sector require a systematic investigation of the root causes and complex causalities of energy related disasters—and serve as a barrier to achieving a sustainable energy future in general and increasing the penetration of renewables. Better understanding the role of economics as it pertains to the root causes and complex causalities of disasters is consistent with the Forensic Investigations of Disasters (FORIN) project in order to guide disaster management policy, encourage coherence across essential disciplines and advance methodological diversity [29]: • Policy: conduct disaster forensic analyses with inputs from multiple disciplines, stakeholders, and policy m
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