Assessment of Index-based Drought Insurance

Date

2017-04-01

Author

EVKAYA, ÖMER OZAN
YILDIRAK, ŞAHAP KASIRGA
Kestel, Sevtap Ayşe

Metadata

Show full item record

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Item Usage Stats

121
views

0
downloads

The increase in the frequency and severity of extreme weather events urge for the more powerful early warning systems and ex-post risk transfer mechanisms. Index-based insurance is an efficient risk management tool reducing the impacts of drought in agricultural insurance. The most feasible policy is the one that is directly based on the quantification of relation between index measure and the yield loss. Regardless of its efficiency, as an important caution, the insurer must be aware of the basis risk. In this study, nonlinear optimization approach is considered for quantifying the indemnity and basis risk of index-based insurance contracts. A real life case is implemented to verify the efficiency of the proposed approach. The results of the study is expected to indicate the needs for more sophisticated contract designs for the drought risk.

Subject Keywords

Drought, Index-based agricultural insurance, Nonlinear optimization, Indemnity, Basis risk

URI

https://hdl.handle.net/11511/30878

Journal

Ekonomik Yaklaşım

DOI

https://doi.org/10.5455/ey.36123

Collections

Graduate School of Applied Mathematics, Article

Suggestions

OpenMETU
Core

Assessment of seismic hazard in the Erzincan (Turkey) region: construction of local velocity models and evaluation of potential ground motions Askan Gündoğan, Ayşegül; Karim Zadeh Naghshineh, Shaghayegh; Sisman, Fatma Nurten; Erkmen, Cenk (2015-01-01) The fundamental step in estimation of seismic damage and losses in urban areas is identification of regional potential seismic hazard. The accuracy of seismic analyses depends on the reliability of the local input parameters used in the corresponding hazard and loss models. This paper presents detailed seismic hazard analyses for an earthquake-prone region using locally derived source and site parameters. Main components of this study are construction of local seismic velocity models, probabilistic and dete...
ANALYZING THE RELATIONSHIP BETWEEN DISASTER RISK MITIGATION AND URBAN PLANNING PROCESSES: THE CASE STUDY OF ESKISEHIR CITY Sert Özkiremitçi, Merve; Balaban, Osman; Department of City and Regional Planning (2022-5-11) The aim of this study is to discuss the effectiveness and efficiency of urban planning in reducing the risk of natural disasters in cities and to analyse the relationship between planning and disaster mitigation processes. The study focuses particularly on the analysis of Eskişehir case with reference to data and information on disaster risk analysis, existing urban development plans as well as the plan implementation processes. After the 1999 Gölcük and Düzce Earthquakes, Eskişehir has also faced and to a ...
Assessment of tsunami resilience of ports by high resolution numerical modeling: a case study for Haydarpasa port in the sea of Marmara Aytöre, Betül; Yalçıner, Ahmet Cevdet; Department of Civil Engineering (2015) Assessment of tsunami resilience is used to determine proper mitigation strategies. Thus, it is essential to obtain modeling results in highest confidence and accuracy. Haydarpasa Port in the Sea of Marmara is selected for tsunami assessment study due to vulnerable nature of ports against marine related disasters. The region also tends to have tsunamis since it is located on the western part of the North Anatolian Fault zone where 35 tsunamis occurred in last 2000 years. The aim of this study is assessment ...
Assessment of flash flood events using remote sensing and atmospheric model-derived precipitation in a hydrological model Yücel, İsmail (2011-07-07) Remotely-sensed precipitation estimates and regional atmospheric model precipitation forecasts provide rainfall data at high spatial and temporal resolutions with a large-scale coverage, and can therefore be potentially used for hydrological applications for making flash flood forecasts and warnings. This study investigates the performance of the rainfall products obtained from the Hydro Estimator (HE) algorithm of NOAA/NESDIS and the Weather Research and Forecasting (WRF) model, and their use in a hydrolog...
Modeling of Morphou Flood and Remedial Measures Şahin, Erdal; Akıntuğ, Bertuğ; Yanmaz, Ali Melih (2013-07-01) Flash floods are known to result in excessive damage and loss of lives due to lack of early warning systems. In this study, characteristics of a flash flood occurred in Morphou region in North Cyprus on 18th of January, 2010 are studied and some remedial measures are proposed. Hydrologic and hydraulic modeling of this flood event has been developed for decision-making concerning type and degree of implementation of these measures. Since there is no any stream flow gauging station along the creeks in the stu...

Citation Formats

Ö. O. EVKAYA, Ş. K. YILDIRAK, and S. A. Kestel, “Assessment of Index-based Drought Insurance,” Ekonomik Yaklaşım, pp. 1–18, 2017, Accessed: 00, 2020. [Online]. Available: https://hdl.handle.net/11511/30878.