1. A semi-probabilistic procedure for developing societal risk function
- Author
-
James Daniell, Friedemann Wenzel, Hing-Ho Tsang, and Amelie C. Werner
- Subjects
021110 strategic, defence & security studies ,Atmospheric Science ,Computer science ,media_common.quotation_subject ,0211 other engineering and technologies ,Probabilistic logic ,Poison control ,020101 civil engineering ,02 engineering and technology ,Asset (computer security) ,0201 civil engineering ,Risk analysis (engineering) ,Natural hazard ,Transparency (graphic) ,Earth and Planetary Sciences (miscellaneous) ,Seismic risk ,Function (engineering) ,Water Science and Technology ,media_common ,Parametric statistics - Abstract
Seismic risk is typically quantified probabilistically for a single asset or evaluated through regional loss assessment for selected earthquake events. Ideally, a recurrence relationship for a loss quantity, economic loss or casualty, can be obtained for risk-informed decision-making. This can be achieved by a fully stochastic approach, for which a large amount of input information is required, whilst there is usually a lack of transparency that might hinder repeatability of the outputs. Hence, the objective of this paper is to introduce a simple and unambiguous procedure for developing parametric societal risk function based on rigorous loss modelling of response-specific probabilistic scenarios. This is then illustrated for the Greater Melbourne Region with fatality as the loss quantity. The proposed semi-probabilistic procedure can be extended to other loss quantities, as well as evaluating societal risk of other natural hazards or multiple hazards.
- Published
- 2018
- Full Text
- View/download PDF