ADMS 3701 Study Guide - Final Guide: Cold Wave, Geomagnetic Storm, Business Continuity Planning

• School: York University
• Department: Administrative Studies
• Course: ADMS 3701
• Professor: Niru Nirupama

Document Summary

Risks we take based on a cost benefit analysis. Make informed choices to address vulnerabilities, mitigate impacts of hazards, prepare for response to and recovery from hazard events. Based on scientific data, tools and methods. Individuals personal perception of threat and intuition. Risk = haxard x elements at risk x vulnerability. Risk (r) = probability (p) x loss (l) Relationship between recurrence interval, frequency, and magnitude of hazards. The probability of occurrence of floods of various magnitudes during a period of 30 years. Major difference between risk assessment and risk perception. Where the x is a power that depends on a number of factors, and x > 1. Cp = community perception of impact of disaster, measured on a 5-point scale. Very severe occurrence(s) with severe impact on a large number of people, critical infrastructure, and/or the environment hence community consent to positively invest in protection and mitigation measures as a priority rank %