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Table 1 AVF CBA thresholds (estimated probability of volcanic impact) calculated in this study based on two evacuation durations and two V values

From: Cost-benefit analysis for evacuation decision-support: challenges and possible solutions for applications in areas of distributed volcanism

  

Evacuation duration

  

3-months

1-month

Value of life (V)

VOSL (NZ$4.46 million)

0.00826

0.00275

25-times GDP per capita (NZ$1.8 million)

0.02046

0.00682