Benefit–Cost Analysis for Earthquake-Resilient
We highlight the factors that influence the cost-effectiveness of building design and retrofit, as well as tactics for increasing the cost
Our review reveals that the key drivers of the cost-effectiveness of earthquake risk reduction are the building occupancy class (e.g., hospital, school, or residential and commercial), the location (e.g., high or moderate seismic hazard risk), and the performance target (e.g., life safety, immediate occupancy).
This paper reviews the state of the art in using benefit–cost analysis (BCA) to inform earthquake risk reduction decisions by building owners and policymakers. The goal is to provide a roadmap for the application and future development of BCA methods and tools for earthquake risk reduction.
Kappos, A. J., and E. G. Dimitrakopoulos. 2008. “Feasibility of pre-earthquake strengthening of buildings based on cost-benefit and life-cycle cost analysis, with the aid of fragility curves.”
PDF version includes complete article with source references.
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