The Case for, or Against New Orleans

2509 WordsJul 14, 201211 Pages
Jason Coleman 06-11-12 New Orleans Recommendation Paper The Case For, or Against, New Orleans Management Decision Models B6025 Dr. Usha Dasari We will look at many factors in our case for rebuilding or not rebuilding New Orleans. This recommendation will be reviewed by state and local governments for their decision. We will perform a Cost-Benefit Analysis which will represent the residents of New Orleans, the residents of the surrounding floods plains, the Mayor of New Orleans, and the federal government represented by FEMA (Federal Emergency Management Agency) and the taxpayers. We will look at scenario models, risk management, and decision trees to support our decisions and analysis. This natural disaster took an enormous toll on…show more content…
Katrina hit many southern cities. Louisiana, Texas, and Mississippi were all hit but the most damage occurred in New Orleans. With the city mostly under sea level this presented much of the problem. The majority of the city was flooded. More than $200 billion dollars in damages were estimated. The loss of life, property, and business were devastating on New Orleans. This was the most costly of all natural disasters in the United States of America in my lifetime. This natural disaster disturbed the economic system of New Orleans, the labor markets around the U.S., and the individual businesses in New Orleans. The trending effect was a loss of 100,000 jobs in ten months and almost 2.9 billion in wages were lost (Effects of Hurricane Katrina, 2012). The storm helped to crush New Orleans and put a devastating effect on the economy of the U.S. Gas prices rose, product prices rose, and the tourism rate in New Orleans went to zero. The port was unable to open, the colleges were closed due to the devastation, and as I stated earlier tourism became null and void. The hurricane brought social, economic, and morale parameters into play. New Orleans lost 95,000 jobs in the first ten month after the hurricane (Effects of Hurricane Katrina, 2012). Unemployment became a nightmare thus making living arrangement unbearable. Government agencies were having a hard time keeping up with unemployment thus making many residents

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