An agent-based framework for modeling the effectiveness of hurricane mitigation incentives Pei, Bin; Pang, Weichiang; Testik, Firat Y.; Ravichandran, Nadarajah
To evaluate the effectiveness of different incentives for mitigating regional hurricane hazards, an agent-based hurricane mitigation framework was developed. This framework, which consists of six essential components, is able to consider stakeholders’ points of view on the selections of hurricane retrofit measures and the dynamic evolutions of building inventories (i.e. constructions and demolitions). Based on the findings of this study, among different levels of property tax reduction, a reduction between 50% and 75% was found to be the most effective one that leads to the highest hurricane cost reduction the study region can get in a 25-year timeframe.
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