Flood protection is one of the practical methods in damage reduction. Although it not possible to be completely protected from flood disaster but major part of damages can be reduced by mitigation plans. In this paper, the optimum flood mitigation master plan is determined by economic evaluation in trading off between the construction costs and expected value of damage reduction as the benefits. Size of the certain mitigation alternative is also be obtained by risk analysis by accepting possibility of flood overtopping. Different flood mitigation alternatives are investigated from various aspects in the Dez and Karun river floodplain areas as a case study in south west of IRAN. The results show that detention dam and flood diversion are the best alternatives of flood mitigation methods as well as enforcing the flood control purpose of upstream multipurpose reservoirs. Dyke and levees are not mostly justifiable because of negative impact on down stream by enhancing routed flood peak discharge magnitude and flood damages as well.
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