Loss estimation: a powerful tool for risk assessment and mitigation

Earlier loss estimation studies were limited to investigating particular scenarios and were carried out by highly specialized experts. Today, loss estimation techniques are translated into efficient software applications that are accessible by a large constituency of end-users. These techniques offer a high level of analysis sophistication and enable users to perform various 'if-then' scenarios to study the sensitivity of the results, to develop a better understanding of the outcomes and to gain insight on the consequences of the findings and decisions. Functionality of loss estimation models has improved significantly due to advances in information technology such as the introduction of Geographical Information Systems (GIS). GIS allows for easy display of input and output (in standard reports and maps) providing a critical functionality for communication of outcomes to emergency planners and decision-makers. (C) 2001 Published by Elsevier Science Ltd.