Anti-Hail protection-assessment of financial effects on the Territory of Belgrade

Abstract

The aim of this work is to assess damage to the City of Belgrade caused by the unfavorable weather condition of hail due to the absence of anti-hail defense of the city, and to argumentatively point out the necessity of introducing new technical-technological systems for preventing the effects of adverse weather conditions. The results are based on the direct correlation-analyses of two real unfavorable weather events and the estimated financial damage caused by these events. The overall calculation also takes into account financial investments (new financial model) necessary to establish two essentially different systems for anti-hail protection. The damage caused by the hail on the territory of the City of Belgrade and the financial investment in anti-hail protection to reduce it are empirically established for the first time. It is shown how the damage could be transformed to profit, as the financial investment in anti-hail protection is lower than the damage that hail can cause.