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Books > Reference & Interdisciplinary > Communication studies > Decision theory
This study explores the potential impacts of compounding risk
between natural hazards and infectious disease outbreaks such as
the recent COVID-19 pandemic in the Central Asia Regional Economic
Cooperation (CAREC) region. Compound risk occurs when two or more
shock events overlap, inducing additional pressure on social and
physical vulnerabilities. As part of the study, scenarios of a
natural hazard occurring during an outbreak are created for each
CAREC country. The study concludes that compound risk may pose a
challenge for the CAREC region in terms of elevated costs of
response due to higher operational complexity, longer timelines
required for reconstruction, and higher procurement costs resulting
from supply interruptions or price shocks. It is therefore
important to consider compound risk when investing in disaster risk
management.
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