Analysis of Nonresidential Content Value and Depth-Damage Data for Flood Damage Reduction Studies.
1997
Kiefer, Jack C. | Willett, J. S.
This study reports how data collected by the Baltimore District Corps of Engineers, of businesses in the Wyoming Valley in Northeastern Pennsylvania, was used to create models for estimating business content value and depth-damage relationships. The survey included such questions as the type of business operation, number of employees, years at that location, previous flood experience, value of contents and outside property, previous flood damage, and expected flood damage for various hypothetical flood levels, and building characteristics. This study produced content-to-structure value ratios for the entire sample and, for 3-digit SIC groups, content valuation functions that predict the value of inside contents based on readily available information on square footage, number of employees, and depreciated structure replacement value, structure depth-damage functions that predict damages to buildings over a range of flood depths, and content depth-damage functions that predict damages to the contents of buildings over a range of flood depths. The report also describes the value of various secondary sources that were considered to have potential for estimating business content value.
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