Christoph Töglhofer


Measuring Weather Risk

The Case of Winter Tourism in Austria



ISBN 978-3-7001-7152-2
Print Edition

Studien zum Klimawandel in Österreich, 7 
2011,  194 Seiten, zahlreiche Farb- und SW-Abb., 29,7x21cm, broschiert
€  29,–   

Christoph Töglhofer
ist wissenschaftlicher Mitarbeiter der Forschungsgruppe Regionalpolitik, Risiko- und Ressourcenökonomik, Gruppe Policies, Joanneum Research, Graz

Weather affects many economic sectors, in particular sectors like agriculture, energy, construction and tourism. While this is well known to those facing losses, it is generally difficult to measure this weather risk at appropriate temporal and spatial scales and make it comparable. In this book a unique framework for assessing non-catastrophic weather risk is presented and applied to the example of the winter tourism industry in Austria. Weather risk is expressed as Value at Risk(weather), in short VaR(weather), which corresponds to the maximum loss from adverse weather conditions that is not exceeded with a given probability level over a given period of time, for example a 1 in 20 year event.

…
Verlag der Österreichischen Akademie der Wissenschaften
Austrian Academy of Sciences Press
A-1011 Wien, Dr. Ignaz Seipel-Platz 2
Tel. +43-1-515 81/DW 3420, Fax +43-1-515 81/DW 3400
https://verlag.oeaw.ac.at, e-mail: verlag@oeaw.ac.at

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Measuring Weather Risk


ISBN 978-3-7001-7152-2
Print Edition




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Austrian Academy of Sciences Press
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Christoph Töglhofer


Measuring Weather Risk

The Case of Winter Tourism in Austria



ISBN 978-3-7001-7152-2
Print Edition

Studien zum Klimawandel in Österreich, 7 
2011,  194 Seiten, zahlreiche Farb- und SW-Abb., 29,7x21cm, broschiert
€  29,–   


Christoph Töglhofer
ist wissenschaftlicher Mitarbeiter der Forschungsgruppe Regionalpolitik, Risiko- und Ressourcenökonomik, Gruppe Policies, Joanneum Research, Graz

Weather affects many economic sectors, in particular sectors like agriculture, energy, construction and tourism. While this is well known to those facing losses, it is generally difficult to measure this weather risk at appropriate temporal and spatial scales and make it comparable. In this book a unique framework for assessing non-catastrophic weather risk is presented and applied to the example of the winter tourism industry in Austria. Weather risk is expressed as Value at Risk(weather), in short VaR(weather), which corresponds to the maximum loss from adverse weather conditions that is not exceeded with a given probability level over a given period of time, for example a 1 in 20 year event.

…


Verlag der Österreichischen Akademie der Wissenschaften
Austrian Academy of Sciences Press
A-1011 Wien, Dr. Ignaz Seipel-Platz 2
Tel. +43-1-515 81/DW 3420, Fax +43-1-515 81/DW 3400
https://verlag.oeaw.ac.at, e-mail: verlag@oeaw.ac.at