Risk
Risk = Threat x Vulnerability x Cost
Risk = Threat x Vulnerability x Cost
- Risk, as shown in the disaster risk equation, increases as hazardous events become more common, people become more vulnerable and their capacity to cope decreases.
- Risk can be reduced by reducing vulnerability, increasing capacity or reducing hazard frequency and/or magnitude.
- Vulnerability The conditions determined by physical, social, economic and environmental factors or processes, which increase the susceptibility of a community to the impact of hazards.