TY  - JOUR
PY  - 2015//
TI  - Tornado damage mitigation: benefit-cost analysis of enhanced building codes in Oklahoma
JO  - Weather, climate, and society
A1  - Simmons, Kevin M.
A1  - Kovacs, Paul
A1  - Kopp, Gregory A.
SP  - 169
EP  - 178
VL  - 7
IS  - 2
N2  - In April 2014, the city of Moore, Oklahoma, adopted enhanced building codes designed for wind-resistant construction. This action came after Moore suffered three violent tornadoes in 14 yr. Insured loss data and a rigorous approach to estimating how much future damage can be mitigated is used to conduct a benefit-cost analysis of the Moore standards applied to the entire state of Oklahoma. The results show that the new codes easily pass the benefit-cost test for the state of Oklahoma by a factor of 3 to 1. Additionally, a sensitivity analysis is conducted on each of the five input variables to identify the threshold where each variable causes the benefit-cost test to fail. Variables include the estimate of future losses, percent of damage that can be reduced, added cost, residential share of overall losses, and the discount rate.<p />
LA  - en
SN  - 1948-8327
UR  - http://dx.doi.org/10.1175/WCAS-D-14-00032.1
ID  - ref1
ER  -