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Furthermore, a combination of the two types of measures can be the most cost-effective solution, particularly when the forecast is more skillful in capturing low-frequency events. Finally, we show that action against frequent low-impact events could more cost-effective than action against rare high-impact ones. We conclude that forecast-based measures could be used as an alternative to some of the permanent measures rather than being used only to cover the residual risk, and thus, should be taken into consideration when identifying the o
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