Hello!
I wonder if there is a way to make an economic valuation (e.g. avoided damage or replacement costs) using the coastal vulnerability model.
Hi @Jason,
Currently there is no option for economic valuation using the coastal vulnerability model. From the user’s guide,
The model does not value directly any ecoystem service, but ranks sites as having a relatively low, moderate or high risk of erosion and inundation.
You could potentially use the output rankings from the coastal vulnerability model as inputs to your own valuation algorithm.
Best,
Emily
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Independent of InVEST, this model has been most commonly tied to socio-economic variables using an exposure-based framing. See Arkema et al. (2013) for an example.
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