We attempt to evaluate the paths to recovery following the flood in 2011 in Thailand, which severely damaged the economy. We use system dynamic to simulate the impact of flood and test the performance of the recovery effort. We set the boundary of our study to Bangkok. We build on Saeed’s model of Schumpeter’s concept of creative destruction, which he has posited as fore-runner to Forrester’s Urban Dynamics model. We extend Saeed’s model to subsume the infrastructure aging chain, land constraint, taxation, and service provision. We study the recovery policies implemented by Thai government as well as those alluded to in Urban Dynamics. We find that encouraging new investment and reducing cost of capital, paired with demolition of old infrastructure, help facilitate the recovery process.

• This report represents the work of one or more WPI undergraduate students submitted to the faculty as evidence of completion of a degree requirement. WPI routinely publishes these reports on its website without editorial or peer review.

Creator

• Thongsawas, Peerapas
• Wiratchotisatian, Pitchaya
• Paisarnsrisomsuk, Sarun

Subject

• Infrastructure
• Environment
• Security
• Sustainability

Publisher

• Worcester Polytechnic Institute

Identifier

• E-project-042213-103542

Keyword

• Emergency management
• Climatic changes--Economic aspects

Advisor

• Saeed, Khalid

Year

• 2013

Center

• Bangkok, Thailand Project Center - IQP

Date created

• 2013-04-22

Location

• Bangkok

Resource type

• Interactive Qualifying Project

Rights statement

• In Copyright