Essays on Assignment A: This Assignment Is Aimed At Making You Think About The Cash Flows That Occur Under Assignment

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Table of ContentsIntroduction. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... p. 3 Explain the disaster. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... p. 4Risk Management cycle. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 5Risk Identification. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .p. 4Risk Measurement. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 5 Risk Analysis. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 6Risk Decision. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 7Risk Implementation. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... …p. 8Risk Monitoring. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. …. p. 8Policy. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... . …… p. 9Risk Management Strategies. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .. … p. 9Conclusion. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 11References. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 12FiguresRisk Management Cycle. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... ... p. 4Risk Management Table. .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... .... p. 6Snow disaster in chinaIntroductionClimatic features, geographical location and geographical structures have possibly made china vulnerable to almost all types of natural disasters. These natural disasters occur more often in china, affecting more than 200 million people every year. A disaster is defined as a rapid or unexpected event that causes damage, destruction and loss to life and property.

The damage caused by disasters is immense and varies with the climate conditions, geographical location and the type of the earth surface. It is therefore a severe distraction of the operation of the society which results to extensive human, material or environmental losses which are beyond the capabilities of the affected society to deal with it using its own resources. From the recorded history, many types of natural disasters for example floods, droughts, earthquakes among others have occurred in China.

The disasters threaten the life and property and the residents of China. They affect the sustainable development of the country’s economic and social development. Furthermore, they threaten China’s social stability, national security and have been also a major restriction in poverty eradication of certain rural areas (Bennett & Leo, 2000). Disaster preparedness is the key strategy that should be adopted by every country prior to the happening of the disaster. This paper will focus mainly on the risk management strategy and the disaster planning and preparedness strategies adopted by china.

This study and analysis will limit its scope on the snow disaster in china which will form the background of the study. Under the government of China, there is a specialised agency in the Ministry of Civil Affairs called the National Disaster Reduction Centre (NDRC). This center is engaged in supporting decisions on various natural disasters and also providing information services. It helps in disaster management and provides technical support for China’s disaster reduction through collecting and analysising disaster information. They assess the disasters and emergency relief and analyses the disaster using advanced technologies such as satellite remote sensing (Michel, Dan & Robert, 2001). Explain the real risky case in china disaster: The 2008 Chinese winter storms affected some larger parts of southern and central china between the months of January and February.

The areas were affected by heavy snows, ice and very cold temperatures. The temperatures are said to have fallen as below as 0 degrees Celsius. It affected 21 provinces, municipalities and independent regions which in when combined held 914.9 million out of a total of 1303 million population of China.

The disaster caused extensive damage on properties and also disrupted the transportation for thousands of travelers. It was also responsible for approximately 129 deaths (David & Olivier, 2009). The series of very harsh winter events started in early January that year when a large cloud of cold air surrounded most parts of china. This caused much precipitation in form of heavy snow which spread to the west of the coastal areas where the temperatures was slightly below 0 °C. After the precipitation, snow fell continuously for several days which were accompanied by very cold weather conditions.

Villages in the southern part of china were totally covered in thick layers of ice, blocking roads, covering structures and coating power lines for weeks. This phenomenon left so many people without power or transportation to and from southern eastern and central china (Madan K, 2009).

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