An integrated vulnerability and risk assessment model (IVR) is proposed. The proposed model is a composite index that assesses the relationships among four critical components, namely exposure, hazard, vulnerability and capacities and measures, and how these can be used to illustrate the integrated risk and vulnerability situation of an area. These factors are assessed using individual variables. Fifty-four variables, objectively decided upon, were used to measure the contribution of each component factor. The general characteristics of vulnerability, risk, exposure and capacities and measures are well known; however, the relative importance of each variable and their inter-relatedness, in measuring risk and vulnerabilities, as demonstrated by the IVR; and how these in turn affect the impacts of natural hazards, are still debatable. The IVR though provides a valid, reliable and sensitive tool, which can be used to further explore these relationships. Through robust testing and application, subjectivity in the selection of variables can be reduced. Moreover, through the establishment of a database for data collection and storage, objectivity (reliability) can be achieved as well as, availability of the requisite data inputs. The sensitivity of the model allows for the quick identification of strategic action, which will ultimately lead to hazard loss reduction. The values yielded for each component factor can help decision-makers in the allocation of scarce developmental funds as well as identify trends in levels of risk, vulnerability, exposures and capacities and measures as well as determine areas where mitigation strategies are needed most. Copyright Springer Science+Business Media Dordrecht 2014
