TY - JOUR
T1 - Benefit-Cost Analysis of the seismic risk mitigation for a region with moderate seismicity
T2 - 2014 Creative Construction Conference, CCC 2014
AU - Wei, Hsi Hsien
AU - Skibniewski, Mirosław J.
AU - Shohet, Igal M.
AU - Shapira, Stav
AU - Aharonson-Daniel, Limor
AU - Levi, Tsafrir
AU - Salamon, Amos
AU - Levy, Robert
AU - Levi, Ohad
N1 - Publisher Copyright:
© 2014 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license.
PY - 2014/1/1
Y1 - 2014/1/1
N2 - While high seismic-active regions have been widely investigated, areas with low seismic hazard has not been adequately addressed as being exposed to high risk of significant losses due to their vulnerable built environment and high exposure of population. A risk-based methodology for determining a cost-efficient risk mitigation plan, along with comprehensively seismic risk assessment, is needed for seismic-quiescent areas in facilitating cost efficient seismic mitigation plans. This article presents a methodology for investigating the economic feasibility of the building retrofit by means of benefit-cost analysis. The objectives of this study are (1) to assess the seismic risks with building and demography parameters which can fully represent the characteristic of local built environment, (2) to conduct benefit-cost analysis of the seismic mitigation activities, and (3) to verify the applicability of the present methodology by a case study. This study intends to provide public decision makers a standardized methodology for justifying the economic feasibility of seismic risk mitigation alternatives so that a cost-efficient public earthquake mitigation strategy can be achieved.
AB - While high seismic-active regions have been widely investigated, areas with low seismic hazard has not been adequately addressed as being exposed to high risk of significant losses due to their vulnerable built environment and high exposure of population. A risk-based methodology for determining a cost-efficient risk mitigation plan, along with comprehensively seismic risk assessment, is needed for seismic-quiescent areas in facilitating cost efficient seismic mitigation plans. This article presents a methodology for investigating the economic feasibility of the building retrofit by means of benefit-cost analysis. The objectives of this study are (1) to assess the seismic risks with building and demography parameters which can fully represent the characteristic of local built environment, (2) to conduct benefit-cost analysis of the seismic mitigation activities, and (3) to verify the applicability of the present methodology by a case study. This study intends to provide public decision makers a standardized methodology for justifying the economic feasibility of seismic risk mitigation alternatives so that a cost-efficient public earthquake mitigation strategy can be achieved.
KW - Benefit-cost analysis
KW - Casulty rate
KW - Earthquake hazard
KW - Earthquake loss assessment
KW - HAZUS
UR - http://www.scopus.com/inward/record.url?scp=84949134453&partnerID=8YFLogxK
U2 - 10.1016/j.proeng.2014.10.581
DO - 10.1016/j.proeng.2014.10.581
M3 - Conference article
AN - SCOPUS:84949134453
SN - 1877-7058
VL - 85
SP - 536
EP - 542
JO - Procedia Engineering
JF - Procedia Engineering
Y2 - 21 June 2014 through 24 June 2014
ER -