WP5 will develop a framework based on the VNK2 approach for the quantification of direct and indirect impacts of the hazard on the wider case studies area considering impacts to natural and cultural heritage assets, and implement. This will be integrated into multi attribute utility theory based risk forecasting tool which will take into account multiple socio-economic objectives and assess the cascading effects of critical assets’ failures.

Work package leader is IPK.

The objective of the work package WP5 is:

• to establish a framework for quantification of direct and indirect impacts on the wider case studies area including natural and cultural heritage assets.
• to develop a simplified multi attribute utility theory based risk forecasting tool which covers multiple socio-economic objectives.
• to demonstrate the application of the tool on selected case studies and assess the cascading effects of critical assets’ failures