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- W2054292715 abstract "The aggregate loss to a portfolio of buildings given a seismic event is of interest to parties such as insurance companies, developers, political organizations and community planners. Regional level estimations tend to be more complex than site-specific assessments due to the correlation that exists between the performances of spatially distributed buildings within a single hazard. This paper presents a new reliability-based approach to quantify seismic risk for a portfolio of buildings, while incorporating this correlation. The proposed framework uses the First-Order Reliability Method (FORM) to evaluate a probability distribution of loss for a suite of spatially distributed buildings. It is applied to a San Francisco neighborhood building inventory to estimate the distribution of total repair cost given a scenario earthquake and prioritize cost-effective retrofit schemes in terms of reducing portfolio loss. The information provided by using the proposed method is expected to facilitate more efficient risk management and mitigation decision-making." @default.
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- W2054292715 date "2015-01-01" @default.
- W2054292715 modified "2023-09-23" @default.
- W2054292715 title "Building portfolio seismic loss assessment using the First-Order Reliability Method" @default.
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- W2054292715 doi "https://doi.org/10.1016/j.strusafe.2014.09.005" @default.
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