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
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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