Although, a reduction in the number of human casualties from disasters has been achieved as a result of increased financial and non-financial investment in disaster risk reduction, economic loss is still increasing at an alarming rate. While several events contribute to economic loss from disasters, the worth of damages incurred to the built environment (property) and the ripple effects of these damages are significant. Several strategies can be adopted in reducing the risk factors in the built environment, but its cost in terms of initial or opportunity cost has been among the main barriers to impressive adoption. Therefore, the need to encourage investment in building resilience through the use of established strategies despite their cost implications becomes important. The aim of this research work is to develop a framework that encourages investment in disaster resilience of the built environment for the business sector through the analysis of disaster resilience capability level and risks associated with each level. This study is engaging series of case studies and expert forum towards the development of the framework. The framework will thereafter be validated accordingly. Capability Maturity Methodology is being employed and the study is being anchored on the principles of self-evaluation and self-improvement. Issues relevant to investment in disaster resilience have been identified from the literature and will be engaged at appropriate stages of the research.
Research Supervisors
Professor Srinath Perera, Professor Andrew Collins and Dr Lei Zhou
Key Publications
Adeniyi, O., Perera, S., & Collins, A. (2015). Review of finance and investment in disaster resilience in the built environment. International Journal of Strategic Property Management, Vol (issue), page-page no. – Accepted
Adeniyi, O., Perera, S., & Collins, A. (2015). Enhancing investment in Disaster Resilience of the built environment of SMEs: Developing a conceptual framework. Proceedings of 5th International Conference on Building Resilience, 15 -17 July 2015, Newcastle, Australia.
Perera, S., Adeniyi, O., & Babatunde, S. O. (2015). Analysing community needs and skills for enhancing disaster resilience in the built environment. Proceedings of 5th International Conference on Building Resilience, 15 -17 July 2015, Newcastle, Australia.
Adeniyi, O., Perera, S., & Collins, A. (2015) Enhancing investment in disaster resilience of the built environment. In: Northumbria Research Conference, 20th May 2015, Newcastle upon Tyne, UK.
Zhou, L., Perera, S., Jayawickrama, J., & Adeniyi, O. (2014). The Implication of Hyogo Framework for Action for Disaster Resilience Education. Procedia Economics and Finance, 18(0), 576-583. doi: http://dx.doi.org/10.1016/S2212-5671(14)00978-2
Adeniyi, O., Perera, S., & Zhou, L. (2014). The Case for the Need to Encourage Private Sector Investment in Enhancing Disaster Resilience in the Built Environment. Proceedings of 4th International Conference on Building Resilience, Residential Doctoral School, 8-11 September 2014, Salford Quays, United Kingdom.
