Technology and Investment Evaluation in Earthquake Early Warning System in Indonesia: Benefit-Cost Approach
Keywords:
Early warning system, earthquake, benefit-cost analysisAbstract
Geographically, Indonesia is a country that is prone to natural disasters, one of which is earthquakes. Damage caused by earthquakes can be minimized if Indonesia has an early warning system that can accurately provide disaster information. This study analyzes the cost and benefit of natural disaster warnings with an example of an earthquake in Cianjur Regency, West Java, in 2022. The Indonesian government needs to invest in a disaster warning system because its existence is beneficial. Besides saving human lives, the early warning system can minimize damage to buildings/structures/the environment to improve the regional economy through business certainty
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