Natural disaster risk analysis for critical infrastructure systems: An approach based on statistical learning theory

Seth D. Guikema

Reliability Engineering and System Safety, 2009, vol. 94, issue 4, 855-860

Abstract: Probabilistic risk analysis has historically been developed for situations in which measured data about the overall reliability of a system are limited and expert knowledge is the best source of information available. There continue to be a number of important problem areas characterized by a lack of hard data. However, in other important problem areas the emergence of information technology has transformed the situation from one characterized by little data to one characterized by data overabundance. Natural disaster risk assessments for events impacting large-scale, critical infrastructure systems such as electric power distribution systems, transportation systems, water supply systems, and natural gas supply systems are important examples of problems characterized by data overabundance. There are often substantial amounts of information collected and archived about the behavior of these systems over time. Yet it can be difficult to effectively utilize these large data sets for risk assessment. Using this information for estimating the probability or consequences of system failure requires a different approach and analysis paradigm than risk analysis for data-poor systems does. Statistical learning theory, a diverse set of methods designed to draw inferences from large, complex data sets, can provide a basis for risk analysis for data-rich systems. This paper provides an overview of statistical learning theory methods and discusses their potential for greater use in risk analysis.

Keywords: PRA; Statistical learning theory; Infrastructure; Risk; Reliability; Data (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reensy:v:94:y:2009:i:4:p:855-860

DOI: 10.1016/j.ress.2008.09.003

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