A review of drought indices

Drought is a stochastic natural hazard that is instigated by intense and persistent shortage of precipitation. Following an initial meteorological phenomenon, subsequent impacts are realized on agriculture and hydrology. Among the natural hazards, droughts possess certain unique features; in addition to delayed effects, droughts vary by multiple dynamic dimensions including severity and duration, which in addition to causing a pervasive and subjective network of impacts makes them difficult to characterize. In order manage drought, drought characterization is essential enabling both retrospective analyses (e.g., severity versus impacts analysis) and prospective planning (e.g., risk assessment). The adaptation…