Sometimes ones choices may involve catastrophic decisions and bear great risk and yet there can be no clear answer. For example if a person gets a divorce shutters a plant sells a losing investment or closes their business will he or she be better off? The following case incorporates nearly all of the material you have covered this far and presents an example of one such choice where nearly all of the alternatives have a significant downside risk.
Review the following information from the article A Cost-Benefit Analysis of the New Orleans Flood Protection System by Stphane Hallegatte (2005):
Assume that the availability heuristics make people more risk averse (populations drop at least in the short term). Consider how this would affect the local economy.
You are an analyst at FEMA and are in charge of developing a recommendation for both the state and the local governments on whether or not to redevelop New Orleans.
Write a report with your recommendation. Address the following in your report:
Part A
Note:You need not have absolute amounts but your relevant utilities should be proportional to one another.Hint:If you assume that yourtotalCBA for New Orleans is fixed for each constituency (do not forget the overlaps) then each constituency will have a piece of the utility pie.
Part B
Write an 812-page report in Word format.
Apply APA standards to citation of sources.
Use proper spelling and grammar throughout and keep the text legible and balanced with visuals.
BySaturday April 8 2017 deliver your assignment
Hallegatte S. (2006). A cost-benefit analysis of the New Orleans flood protection system.Center for Environmental Sciences and Policy. Stanford University. Retrieved fromhttp://hal.cirad.fr/docs/00/16/46/28/PDF/Hallegatte_NewOrleans_CBA9.pdf
Vastag B. & Rein L. (2011 May 11). In Louisiana a choice between two floods.TheWashington Post. Retrieved fromhttp://www.washingtonpost.com/national/in-louisiana-a-choice-between-two-floods/2011/05/11/AFrjFotG_story.html