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Last modified
1/25/2010 6:26:33 PM
Creation date
10/4/2006 11:30:49 PM
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Template:
Floodplain Documents
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Statewide
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Stream Name
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Basin
Statewide
Title
Benefit-Cost Analysis of Hazard Mitigation Projects
Date
1/1/1996
Prepared For
FEMA
Prepared By
FEMA
Floodplain - Doc Type
Educational/Technical/Reference Information
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<br />VERSION 1.0 1/12/95 <br /> <br />B-C PROGRAM: Level One Analysis <br /> <br />Project <br />Description <br /> <br />Project Useful <br />Life <br /> <br />Mitigation <br />Effectiveness <br />Estimates <br /> <br />Project Description ' <br /> <br /> <br />Project Useful Life (yearsl <br /> <br />PINK Block (Information Only). This space is provided to enter a <br />brief summary of the proposed mitigation project, for example, "buyout," <br />"relocate," or "elevate ten feet." <br /> <br />GREEN Block (Data Input). The project's useful life is the estimated <br />number of years during which the mitigation project will maintain its <br />effectiveness. Useful life is the time period over which the estimated <br />economic benefits of the proposed mitigation project are counted. The <br />useful life which the user enters MUST be commensurate with the <br />actual project being considered. <br /> <br />Useful lives of 5 to 10 years for equipment purchases, and 30 <br />(residential) to 50 (non-residential) years for building ,projects are <br />typical. For major infrastructure projects, or for historically important <br />buildings, useful lives of 50 to 100 years may be appropriate. For <br />buyoutslrelocations an entered lifetime of 100 years will capture fully <br />the benefits of the mitigation measure. <br /> <br /> <br />GREEN Block (Data Input). The effectiveness of most flood mitigation <br />projects varies with the depth of flood water. For the flood mitigation <br />type selected, enter estimates of the depth at which the mitigation is <br />100% and 0% effective: <br /> <br />Elevation <br />Elevating buildings by N feet is generally 100% effective to <br />N-1 feet. For example, elevating 8 feet is 100% effective to 7 <br />feet, elevating 12 feet is 100% effective to 11 feet. This result <br />arises from the fact that, for example, an "8-foot flood" is <br />considered in the program to be all floods between 7.5 and 8.5 <br />feet. Therefore, elevating a structure 8 feet will convert an 8- <br />foot flood into a O-foot flood (from -0.5 to 0.5 feet), and there is <br />still damage from a O-footflood. Thus, an 8-foot elevation is <br />100% effective to only 7 feet. <br /> <br />6-15 <br />
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