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Optimal Strategy for Business Recovery after Earthquakes

Mason, Alfred B. and Beck, James L. and Achkire, Younes and Wilkie, Simon and Irfanoglu, Ayhan (2000) Optimal Strategy for Business Recovery after Earthquakes. In: 12th World Conference on Earthquake Engineering, Auckland, New Zealand. New Zealand Society for Earthquake Engineering , Upper Hutt, N.Z, Paper 1497. ISBN 0958215405 . http://resolver.caltech.edu/CaltechAUTHORS:20120926-084217232

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Abstract

A methodology for choosing the best recovery strategy is presented for a company that owns multiple income-producing properties damaged in an earthquake. The basic idea is to choose recovery actions that maximize the net asset value of the properties owned by the company. This methodology helps to address the question of whether each property should be repaired or demolished. It allows the optimal expenditure rate and optimal time for repair or demolition to be determined. Furthermore, when the total cost of repairs is subject to a budget constraint, the methodology shows whether each property should be repaired immediately, delayed or never repaired.


Item Type:Book Section
Additional Information:This paper is part of a joint Caltech-Stanford project funded by California Universities for Research in Earthquake Engineering under the CUREe-Kajima Joint Research Program with J.L. Beck as team leader and A.S. Kiremidjian heading the effort at Stanford University. This financial support is gratefully acknowledged.
Funders:
Funding AgencyGrant Number
California Universities for Research in Earthquake Engineering CUREe-Kajima Joint Research ProgramUNSPECIFIED
Record Number:CaltechAUTHORS:20120926-084217232
Persistent URL:http://resolver.caltech.edu/CaltechAUTHORS:20120926-084217232
Usage Policy:No commercial reproduction, distribution, display or performance rights in this work are provided.
ID Code:34388
Collection:CaltechAUTHORS
Deposited By: Carmen Nemer-Sirois
Deposited On:24 Oct 2012 17:58
Last Modified:23 Aug 2016 10:18

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