This paper intends to establish conceptual foundations on the identification of standards and metrics for assessing the impact of hydrological hazards. The economic evaluation of flood damage cost model (EFDC-Model) attempts to estimate the impact of water occurrence, movement, and distribution...

This research paper presents four alternative experimental models for monitoring economic failures.These models include the national production function (NP-Function), the multi-level trade creation and trade diversion analytical framework, the mega-economic structures vulnerability analysis...

This article proposes a new economic modeling theoretical framework known as multidimensional real-time economic modeling (MRTE-Modeling). The model is an important tool that economists and educators can use to demonstrate the multidimensional aspects of economic behavior. MRTE-Modeling...

In this paper, we propose a new model, namely the terrorism-trade and investment diversion simulator (TTID-Simulator). The simulator allows us to analyze the impact of terrorism on trade and investment diversion anywhere and anytime. Our central objective is to use the new model to evaluate the...

We perform simulations to assess the impact of a war between the US and Iran on global oil price behavior. To do so, we evaluate different levels of war intensity and oil price behavior from a multidimensional perspective. In this context, we simulate various scenarios using a simulator which is...

This paper attempts to evaluate the impact of massive infectious and contagious diseases and its final impact on the economic performance anywhere and anytime. We are considering to evaluate the case of Wuhan, China. We are taking in consideration the case of COVID-19 to be evaluated under a...