THE HAZARD RISK EQUATION
This page last updated July 2008 and now ARCHIVED.
Geographers have always had an interest in hazards.
Remember that a hazard becomes a hazard once it endangers life.
The HAZARD RISK EQUATION
The basic idea is that risk is the result of 2 factors
Vulnerability
It is then reduced by the CAPACITY of people to overcome or prepare for the risk.
Information adapted from article
“Risky Business” by Tim Burt
Geography Review (Vol. 17, No. 4 (2005) )
Need to consider an IMPACT MATRIX (see powerpoint)
KEY WORDS
Control: To limit or regulate risk
Impact: A marked effect or influence