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Argosy B6025 Module 5 Assignment 1 Required
Assignment 2 The Case For, or Against, New
Orleans NEW
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Review the following information from the article
“A Cost-Benefit Analysis of the New Orleans Flood
Protection System” by Stephane Hallegatte
(2005):
Hallegatte, an environmentalist, assigns a
probability (p) of a Katrina-like hurricane of
1/130 in his cost-benefit analysis for flood
protection. However, the levees that protect New
Orleans also put other regions at greater risk. You
may assume the frequency of other floods is
greater than Katrina-like events (Vastag& Rein,
2011).
The new levees that were built in response to
Katrina cost approximately fourteen billion
dollars (in 2010). This is in addition to the direct
costs of Katrina (eighty-one billion dollars in
2005).
50 percent of New Orleans is at or below sea level.
A 100-year event means that there is a 63 percent
chance that such an event will occur within a 100-
year period.
The following are the interested (anchored and/or
biased) constituencies:
Residents of New Orleans—both those that can
move and those who cannot move Residents of the
surrounding floodplains at risk from New Orleans
levees The Mayor of New Orleans The federal
government—specifically taxpayers and the
Federal Emergency Management Agency
(FEMA)
Assume that the availability heuristics make
people more risk averse (populations drop, at
least in the short term). Consider how this would
affect the local economy.
You are an analyst at FEMA and are in charge of
developing a recommendation for both the state
and the local governments on whether or not to
redevelop New Orleans.
Write a report with your recommendation.
Address the following in your report:
Part A
Analyze the economics of New Orleans in light of
the above parameters and develop your own
Cost-Benefit Analysis (CBA) for rebuilding.
Evaluate the value of the CBA for each
constituency and integrate these estimates into a
scenario model and/or decision tree. Analyze the
results. Clearly each of these constituencies may
both overlap and be prey to a variety of group
dynamics internally. For one of these options,
discuss the decision pitfalls to which they may be
susceptible and make a recommendation on how
to alleviate
these pressures.
Starting with your CBA, estimate the relevant
expected utility for the interested constituencies.
Note: You need not have absolute amounts but
your relevant utilities should be proportional to
one another.
Hint: If you assume that your total CBA for New
Orleans is fixed for each constituency (do not
forget the overlaps), then each constituency will
have a piece of the utility pie.
Part B
Make a case for or against rebuilding the city of
New Orleans. This should be an executive
summary; be concise and brief. Include exhibits.
Whether you are for or against, discuss how social
heuristics could be used to your advantage, both
ethically and unethically, in making your case. You
may choose to fill the role of one of the
constituents, if you prefer.
Write an 8-12-page report in Word format. Apply
APA standards to citation of sources. Use proper
spelling and grammar throughout, and keep the
text legible and balanced with visuals. Use the
following file naming convention:
LastnameFirstInitial_M5_A1.doc.
By Saturday, February 14, 2015, deliver your
assignment to the M5: Assignment 1 Dropbox.
Hallegatte, S. (2006). A cost-benefit analysis of the
New Orleans flood protection system. Center for
Environmental Sciences and Policy. Stanford
University. Retrieved from
http://hal.cirad.fr/docs/00/16/46/28/PDF/Halle
gatte_NewOrleans_CBA9.pdf
Vastag, B., & Rein, L. (2011, May 11). In Louisiana,
a choice between two floods. The Washington
Post.
Retrieved from
http://www.washingtonpost. com/national/in-
louisiana-a-choice-between-two-
floods/2011/05/11/AFrjFotG_story.html
http://hal.cirad.fr/docs/00/16/46/28/PDF/Halle
gatte_NewOrleans_CBA9.pdf
Vastag, B., & Rein, L. (2011, May 11). In Louisiana,
a choice between two floods. The Washington
Post.
Retrieved from
http://www.washingtonpost. com/national/in-
louisiana-a-choice-between-two-
floods/2011/05/11/AFrjFotG_story.html

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Argosy b6025-module-5-assignment-1-required-assignment-2-the-case-for

  • 1. Argosy B6025 Module 5 Assignment 1 Required Assignment 2 The Case For, or Against, New Orleans NEW Check this A+ tutorial guideline at http://www.assignmentcloud.com/b6025- argosy/b6025-module-5-assignment-1- required-assignment-2-the-case-for-or- against-new-orleans-new For more classes visit http://www.assignmentcloud.com Review the following information from the article “A Cost-Benefit Analysis of the New Orleans Flood Protection System” by Stephane Hallegatte (2005): Hallegatte, an environmentalist, assigns a probability (p) of a Katrina-like hurricane of 1/130 in his cost-benefit analysis for flood protection. However, the levees that protect New Orleans also put other regions at greater risk. You may assume the frequency of other floods is greater than Katrina-like events (Vastag& Rein, 2011).
  • 2. The new levees that were built in response to Katrina cost approximately fourteen billion dollars (in 2010). This is in addition to the direct costs of Katrina (eighty-one billion dollars in 2005). 50 percent of New Orleans is at or below sea level. A 100-year event means that there is a 63 percent chance that such an event will occur within a 100- year period. The following are the interested (anchored and/or biased) constituencies: Residents of New Orleans—both those that can move and those who cannot move Residents of the surrounding floodplains at risk from New Orleans levees The Mayor of New Orleans The federal government—specifically taxpayers and the Federal Emergency Management Agency (FEMA) Assume that the availability heuristics make people more risk averse (populations drop, at least in the short term). Consider how this would affect the local economy. You are an analyst at FEMA and are in charge of developing a recommendation for both the state
  • 3. and the local governments on whether or not to redevelop New Orleans. Write a report with your recommendation. Address the following in your report: Part A Analyze the economics of New Orleans in light of the above parameters and develop your own Cost-Benefit Analysis (CBA) for rebuilding. Evaluate the value of the CBA for each constituency and integrate these estimates into a scenario model and/or decision tree. Analyze the results. Clearly each of these constituencies may both overlap and be prey to a variety of group dynamics internally. For one of these options, discuss the decision pitfalls to which they may be susceptible and make a recommendation on how to alleviate these pressures. Starting with your CBA, estimate the relevant expected utility for the interested constituencies. Note: You need not have absolute amounts but your relevant utilities should be proportional to one another. Hint: If you assume that your total CBA for New Orleans is fixed for each constituency (do not
  • 4. forget the overlaps), then each constituency will have a piece of the utility pie. Part B Make a case for or against rebuilding the city of New Orleans. This should be an executive summary; be concise and brief. Include exhibits. Whether you are for or against, discuss how social heuristics could be used to your advantage, both ethically and unethically, in making your case. You may choose to fill the role of one of the constituents, if you prefer. Write an 8-12-page report in Word format. Apply APA standards to citation of sources. Use proper spelling and grammar throughout, and keep the text legible and balanced with visuals. Use the following file naming convention: LastnameFirstInitial_M5_A1.doc. By Saturday, February 14, 2015, deliver your assignment to the M5: Assignment 1 Dropbox. Hallegatte, S. (2006). A cost-benefit analysis of the New Orleans flood protection system. Center for Environmental Sciences and Policy. Stanford University. Retrieved from
  • 5. http://hal.cirad.fr/docs/00/16/46/28/PDF/Halle gatte_NewOrleans_CBA9.pdf Vastag, B., & Rein, L. (2011, May 11). In Louisiana, a choice between two floods. The Washington Post. Retrieved from http://www.washingtonpost. com/national/in- louisiana-a-choice-between-two- floods/2011/05/11/AFrjFotG_story.html
  • 6. http://hal.cirad.fr/docs/00/16/46/28/PDF/Halle gatte_NewOrleans_CBA9.pdf Vastag, B., & Rein, L. (2011, May 11). In Louisiana, a choice between two floods. The Washington Post. Retrieved from http://www.washingtonpost. com/national/in- louisiana-a-choice-between-two- floods/2011/05/11/AFrjFotG_story.html