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Description
This module aims to provide the student with a quantitative understanding of the science and engineering underlying catastrophe models. It will further discuss catastrophe modelling in the context of risk transfer in industry and future possibilities for building resilience. An industry-focussed module, this module is taught by a range of guest lecturers from within industry and 果冻影院 lecturers who have industrial experience working within the Catastrophe Modelling industry.
In this module, the following topics will be covered:
- An introduction to catastrophe modelling and how they can be used for building resilience.
- Probabilities and statistics - the role of uncertainties, probability, and Monte Carlo simulation in Catastrophe models
- Hazard modelling including examples of earthquake, wind and flood
- Exposure Modelling and its challenges
- Fragility and Vulnerability Modelling with a focus on earthquake, wind and storm surge modelling
- Financial losses
- Application of catastrophe risk models for pre and/or post-event loss modelling and real-time scenarios
- Appraising and selecting current models
- The challenges and issues in application of catastrophe models in developing countries.
Students will be required to undertake quantitative calculations and analysis developing and using basic code as part of the assessment.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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