As temperatures increase across the United States, some populations are more at risk for heat-related death and illness than others. One of these at-risk demographics is mobile home and trailer park inhabitants, who are disproportionately represented among indoor heat-related deaths (Solís, “Heat, Health”). In this paper, we outline a cost-benefit analysis that was used to calculate the net present economic value of projects related to reducing heat burden on mobile home owners and parks in Maricopa County. We use this model to assess solutions developed by student teams under the Knowledge Exchange for Resilience’s Summer Heat Resilience Challenge. We find that one of the seven solutions has a positive net present value (NPV) even in the lowest effectiveness (10%), while three more solutions have a positive NPV in the mid-level (50%) effectiveness scenario, showcasing their economic viability.
Details
- Assessing the Economic Net-Benefits for Solutions to Heat-Related Illness in Maricopa County
- Robinson, Jacob (Author)
- Solís, Patricia (Thesis director)
- Markolf, Samuel (Committee member)
- Department of Psychology (Contributor)
- Department of Finance (Contributor)
- Department of Economics (Contributor)
- Barrett, The Honors College (Contributor)