Loss Estimation Models and Metrics
Ronald T. Eguchi and
Hope A. Seligson
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Ronald T. Eguchi: ImageCat Inc.
Hope A. Seligson: ABS Consulting Inc.
Chapter 6 in Risk Assessment, Modeling and Decision Support, 2008, pp 135-170 from Springer
Abstract:
Abstract Earthquake loss estimation — although around since the early 1970’s — has not been considered a decision-making tool until recently. Because early models were based on expert opinion with limited hand calculations, they lacked the ability to perform sensitivity studies (which could provide important insight into drivers of loss potential) or the ability to produce results in a timely fashion. The results of these early studies were generally displayed on maps and/or in the form of tables that listed potential losses to a limited number of exposure categories, e.g., residential, commercial or industrial.
Keywords: Ground Motion; Loss Estimation; Federal Emergency Management Agency; Modify Mercalli Intensity; Earthquake Loss (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:rischp:978-3-540-71158-2_6
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DOI: 10.1007/978-3-540-71158-2_6
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