The sensitivity of simulated flood depth and area to DEM resolution are acknowledged, but their effects on flood damage and risk estimates are less well understood. This study sought to analyse the relative benefits of using global DEMs of different resolution sizes, 5 m AW3D Standard, 12.5 m ALOS PALSAR and 30 m SRTM, to simulate flood inundation, damage and risk. The HEC-RAS 2D model was adopted for flood simulations, and the Toba River in the Klang River Basin in Malaysia was chosen for the case study. Simulated inundation areas from AW3D coincide the most with reported flooded areas, but the coarser-resolution DEMs did capture some of the reported flooded areas. The inundation area increased as the resolution got finer. As a result, AW3D returned almost double flood damage and risk estimates compared to ALOS PALSAR, and almost quadruple compared to SRTM for building-level damage and risk analysis. The findings indicate that a finer-resolution DEM improves inundation modelling and could provide greater flood damage and risk estimates compared to a coarser DEM. However, DEMs of coarser resolution remain useful in data-scarce regions or for large-scale assessments in efforts to manage flood risk.

Economic damage assessment for flood risk estimation is established in many countries, but attentions have been focused on macro- or meso-scale approaches and less on micro-scale approaches. Whilst the macro- or meso-scale approaches of flood damage assessment are suitable for regional- or national-oriented studies, micro-scale approaches are more suitable for cost–benefit analysis of engineered protection measures. Furthermore, there remains lack of systematic and automated approaches to estimate economic flood damage for multiple flood scenarios for the purpose of flood risk assessment. Studies on flood risk have also been driven by the assumption of stationary characteristic of flood hazard, hence the stationary-oriented vulnerability assessment. This study proposes a novel approach to assess vulnerability and flood risk and accounts for adaptability of the approach to nonstationary conditions of flood hazard. The approach is innovative in which an automated concurrent estimation of economic flood damage for a range of flood events on the basis of a micro-scale flood risk assessment is made possible. It accounts for the heterogeneous distribution of residential buildings of a community exposed to flood hazard. The feasibility of the methodology was tested using real historical flow records and spatial information of Teddington, London. Vulnerability curves and residual risk associated with a number of alternative extents of property-level protection adoptions are estimated by the application of the proposed methodology. It is found that the methodology has the capacity to provide valuable information on vulnerability and flood risk that can be integrated in a practical decision-making process for a reliable cost–benefit analysis of flood risk reduction options.

Investment to reduce flood risk for social and economic wellbeing requires quantitative evidence to guide decisions. Direct and indirect flood damages at individual household and business building levels were assessed in this study using multivariate analysis with three groups of flood damage attributes, i.e., flood characteristics, socioeconomic conditions, and building types. A total of 172 and 45 respondents from residential and commercial buildings were gathered through door-to-door interviews at areas in Peninsular Malaysia that were pre-identified to have frequently flooded. Two main findings can be drawn from this study. First, flood damage is greatly contributed by high-income households and businesses, despite them being less exposed to floods than low-income earners. This supports the current use of mean economic damage in engineering-based flood intervention analysis. Second, indirect damages increase with the increase in family size, indicating the importance of strengthening preparedness and social support to those with great social responsibility. Overall, the study highlights the importance of holistic flood management accounting for both direct and indirect losses.

Current practice in flood frequency analysis assumes that the stochastic properties of extreme floods follow that of stationary conditions. As human intervention and anthropogenic climate change influences in hydrometeorological variables are becoming evident in some places, there have been suggestions that nonstationary statistics would be better to represent the stochastic properties of the extreme floods. The probabilistic estimation of non-stationary models, however, is surrounded with uncertainty related to scarcity of observations and modelling complexities hence the difficulty to project the future condition. In the face of uncertain future and the subjectivity of model choices, this study attempts to demonstrate the practical implications of applying a nonstationary model and compares it with a stationary model in flood risk assessment. A fully integrated framework to simulate decision makers’ behaviour in flood frequency analysis is thereby developed. The framework is applied to hypothetical flood risk management decisions and the outcomes are compared with those of known underlying future conditions. Uncertainty of the economic performance of the risk-based decisions is assessed through Monte Carlo simulations. Sensitivity of the results is also tested by varying the possible magnitude of future changes. The application provides quantitative and qualitative comparative results that satisfy a preliminary analysis of whether the nonstationary model complexity should be applied to improve the economic performance of decisions. Results obtained from the case study shows that the relative differences of competing models for all considered possible future changes are small, suggesting that stationary assumptions are preferred to a shift to nonstationary statistics for practical application of flood risk management. Nevertheless, nonstationary assumption should also be considered during a planning stage in addition to stationary assumption especially for areas where future change in extreme flows is plausible. Such comparative evaluations would be of valuable in flood risk management decision-making processes.

Adaptations to flood‐proof individual properties (referred to here as property‐level adaptation, PLA) provide a potential means of reducing flood risk at isolated properties, whilst conventional community‐scale flood protection (CSFP) is usually more economical in protecting high‐density urban spaces. This paper develops a risk‐based framework to identify the tipping point when PLA measures become more cost‐beneficial when compared to CSFP in different urban densities. The framework was demonstrated using a hypothetical case study based on a residential area in Teddington, London. Sensitivity analysis was performed by varying the building densities in the urban space. Results show that PLA can have a role to supplement CSFP even in dense urban areas if the CSFP standard of protection is low. However, adding some element of CSFP to PLA can be more cost‐effective than implementing a single higher protection standard of PLA. Given the unique flood risk condition of most urban spaces, and the sensitivity of cost‐effectiveness of flood adaptation measures such as those demonstrated in this work, this approach can provide additional information to assist decisions in finding a sensible portfolio of measures that match that risk condition.

Good index selection is key to minimising basis risk in weather index insurance design. However, interannual, seasonal, and intra-seasonal hydroclimatic variabilities pose challenges in identifying robust proxies for crop losses. In this study, we systematically investigated 574 hydroclimatic indices for their relationships with yield in Malaysia’s irrigated double planting system, using the Muda rice granary as a case study. The responses of seasonal rice yields to seasonal and monthly averages and to extreme rainfall, temperature, and streamflow statistics from 16 years’ observations were examined by using correlation analysis and linear regression. We found that the minimum temperature during the crop flowering to the maturity phase governed yield in the drier off-season (season 1, March to July, Pearson correlation, r = +0.87; coefficient of determination, R² = 74%). In contrast, the average streamflow during the crop maturity phase regulated yield in the main planting season (season 2, September to January, r = +0.82, R² = 67%). During the respective periods, these indices were at their lowest in the seasons. Based on these findings, we recommend temperature- and water-supply-based indices as the foundations for developing insurance contracts for the rice system in northern Peninsular Malaysia.