Report on Cost-benefit Analysis
Added on 2020-05-16
12 Pages2914 Words44 Views
Political Science
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Running head: COST BENEFIT ANALYSIS OF NEW ORLEANSCost benefit analysis of New OrleansName of the universityName of the studentAuthor note
1COST BENEFIT ANALYSIS OF NEW ORLEANSExecutive Summary:The cost-benefit analysis will help the analyser of Federal Emergency Management Agency(FEMA) to understand that the economic condition of the New Orleans. Moreover, it willanalyse that whether further reconstruction will be needed for this company or not, after thenatural disaster Katrina. This report will also analyse this cost-benefit analysis on the citizen,Mayor of the city and all other people.
2COST BENEFIT ANALYSIS OF NEW ORLEANSTable of ContentsIntroduction:...............................................................................................................................3Part A:........................................................................................................................................3Economic condition:..............................................................................................................3Cost- Benefit Analysis:..........................................................................................................4Affects on people:..................................................................................................................5Part B:.........................................................................................................................................7Conclusion:................................................................................................................................8Reference:................................................................................................................................10
3COST BENEFIT ANALYSIS OF NEW ORLEANSIntroduction:Hurricane Katrina was a destructive tropical cyclone in United States in 2005. Thecentre of this cyclone crossed the southeast portion of New Orleans. The storm swell causedapproximately 23 breaches in navigation canal levees and floodwalls and drainage canal.Most of the residents of New Orleans were shifted before the attack. However, some peoplealso remained in the city as they did not have personal transport. There were some otherpeople, who did not know the news (Lewis et al., 2017). This disaster deeply influenced alarge segment of the economy, population and politics of the overall United States. Moreover,it showed the failure of flood protection system of federal government. During this cyclone,communication, building and roads and levee failed drastically. Many people had lost theirlife. This report will discuss on the economic conditions of New Orleans, based on cost-benefit analysis. Moreover, cost-benefit analysis will be done based on constituencies of thisstate. Those constituencies are residents of New Orleans, resident of other surrounding parts,the Mayor of this city of Louisiana and the federal government. Based on this cost-benefitanalysis, a relevant expected utility will be estimated. In the second part of the report, adiscussion for and against rebuilding of the city of New Orleans will be discussed.Part A:Economic condition:The economic condition of New Orleans was chiefly depended on port. The number ofpopulation was increased and the economy was in its peak position during the 19th century.However, due to industrialisation and increasing methods to transport goods, the economiccondition of this city decreased steadily (Fields, Thomas & Wagner, 2017). Hence, the citybased on three major industries. These were entertainment, transportation and public service.
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