Reliability of Seismic Performance Assessments for Individual Buildings and Portfolios

Charles C. Thiel, Theodore C. Zsutty and Yajie J. Lee
Additional contact information
Charles C. Thiel: Telesis Engineers, Inc., 80A Blake St., San Francisco, CA 94118, USA
Theodore C. Zsutty: Consulting Engineer, 1579 Peregrino Way, San Jose, CA 95125, USA
Yajie J. Lee: ImageCat, Inc., 400 Oceangate, Suite 1050, Long Beach, CA 90802, USA

Risks, 2021, vol. 9, issue 7, 1-46

Abstract: Seismic performance and loss assessments are required in areas of Insurance, Finance and Public Policy. Providers are Structural Engineers and Risk Management Firms. There are no current procedures to evaluate the epistemic and aleatory uncertainties for such assessments. The essential issue is whether or not there is sufficient reliability in the result to use the result as the basis for risk management decisions and actions. For a single building this may be whether or not a prescribed earthquake performance level is met, life safety or if a portfolio’s vulnerability level is acceptable, whether the. loss for a given time period is less than a stated value. A method based in part on Federal Emergency Management Agency P-695, is developed for evaluating the reliability of performance and/or loss assessments for both individual and portfolios of buildings. Consideration is given to how well the building investigation and corresponding evaluation process have been performed, the qualifications of the person(s) doing the assessment, the thoroughness of the building evaluation, the technical validity of the assessment procedure or model and what computational reliabilities are presented. The method characterizes the uncertainty of each component of the assessment procedure for each building by qualitative determined assignments. The resulting reliability measure is likely to be most useful for determining whether/or not a building has acceptable life safety performance, or if a portfolio has an acceptably low loss risk over a given period of time. In both cases, the reliability must either be sufficient to warrant action, or serve to indicate need for improved assessment.

Keywords: reliability; earthquake damageability; structural evaluation; safety; financial risk; MC simulation (search for similar items in EconPapers)
JEL-codes: C G0 G1 G2 G3 K2 M2 M4 (search for similar items in EconPapers)
Date: 2021
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