22.12.2012 Views

Crop Insurance as a Risk Management Strategy in Bangladesh

Crop Insurance as a Risk Management Strategy in Bangladesh

Crop Insurance as a Risk Management Strategy in Bangladesh

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Figure 5.7: Monthly mean temperature for current period (1964-2003) and projected for 2050<br />

and 2100 <strong>in</strong> drought prone are<strong>as</strong> of <strong>Bangladesh</strong> (Ramam<strong>as</strong>y and Ba<strong>as</strong>, 2007)<br />

5.3 Development of a Methodology for Quantification of <strong>Risk</strong>: Historical and Future<br />

<strong>Risk</strong> from Climate Change<br />

5.3.1 <strong>Risk</strong> Indices<br />

There are several risk <strong>in</strong>dices <strong>in</strong> this c<strong>as</strong>e to def<strong>in</strong>e risk or vulnerability level of a system;<br />

- <strong>Risk</strong><br />

- Reliability<br />

- Resiliency<br />

- Vulnerability<br />

Climatic<br />

Attribute<br />

Target<br />

level or<br />

Weather<br />

Index<br />

Failure<br />

event 1<br />

Length of failure<br />

Figure 5.8: Time series analysis of a climatic attribute to quantify risk <strong>in</strong>dices<br />

71<br />

Failure<br />

event 2<br />

Failure<br />

event 3<br />

Magnitude of failure

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!