المجلة الدولية للاداء الاقتصادي
Volume 8, Numéro 2, Pages 127-159
2025-12-20
Modelling The Costs Of Natural Disasters In Indonesia: A Monte Carlo Simulations
Authors : Zidat Rafika . Kafuma Lumu Arafat .
Abstract
This research investigates the economic impact of natural disasters on a national scale and explores how this impact can be reduced through various mitigation and adaptation strategies. Utilizing Indonesia as a case study, probabilistic models and Monte Carlo simulations were employed to predict future losses from earthquakes, floods and wildfires. This methodological approach mirrored risk assessment practices leveraging historical disaster data to accurately reproduce past loss patterns in specific regions. JMP statistical software facilitated the comprehensive analysis, generating robust estimates designed to empower policymakers in implementing effective measures for minimizing economic disruption. The findings and subsequent discussions analyse these strategies to identify various approaches that can be employed to reduce the financial burden imposed by natural disasters.
Keywords
Monte Carlo simulations ; Probabilistic Models ; Risk Assessment
Les articles similaires
Allag S
.
Merabet S
.
Boukezzata M
.
pages 9-12.
Leghrib L.
.
Nouiri A.
.
pages 134-137.
Djemil Mohamed Lamine
.
Djemil Taoufik
.
pages 5-8.
S. Guessasma S
.
N. Rouag N
.
pages 35-40.
Benyahi Karim
.
pages 35-40.
