YaBeSH Engineering and Technology Library

    • Journals
    • PaperQuest
    • YSE Standards
    • YaBeSH
    • Login
    View Item 
    •   YE&T Library
    • ASCE
    • Journal of Infrastructure Systems
    • View Item
    •   YE&T Library
    • ASCE
    • Journal of Infrastructure Systems
    • View Item
    • All Fields
    • Source Title
    • Year
    • Publisher
    • Title
    • Subject
    • Author
    • DOI
    • ISBN
    Advanced Search
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Archive

    Exploring Financial Decision-Making Approaches for Use in Earthquake Risk Decision Processes for Ports

    Source: Journal of Infrastructure Systems:;2009:;Volume ( 015 ):;issue: 004
    Author:
    Craig Taylor
    ,
    Glenn Rix
    ,
    Fang Liu
    DOI: 10.1061/(ASCE)1076-0342(2009)15:4(406)
    Publisher: American Society of Civil Engineers
    Abstract: One of the main topics in the Georgia Tech/NEES Grand Challenge project “Seismic Risk Mitigation for Port Systems” is the evaluation of seismic risk management approaches for ports. One subtopic of this main topic is the re-evaluation of pertinent financial risk and decision procedures for assessing seismic risk-reduction measures. In light of many criticisms of benefit-cost and least mean total cost methods, previous port seismic risk and decision procedures have benefited from the application of the mean-variance criterion. However, serious objections have been posed to the use of the mean-variance criterion so that exploration of stochastic dominance methods is encouraged. This paper outlines these methods in terms of simplifying nonparametric and upper-order statistics. Focusing on the tails of total cost distributions, this paper shows the value of these methods, but also the value of using almost stochastic dominance when strict stochastic methods fail.
    • Download: (215.3Kb)
    • Show Full MetaData Hide Full MetaData
    • Get RIS
    • Item Order
    • Go To Publisher
    • Price: 5000 Rial
    • Statistics

      Exploring Financial Decision-Making Approaches for Use in Earthquake Risk Decision Processes for Ports

    URI
    http://yetl.yabesh.ir/yetl1/handle/yetl/48410
    Collections
    • Journal of Infrastructure Systems

    Show full item record

    contributor authorCraig Taylor
    contributor authorGlenn Rix
    contributor authorFang Liu
    date accessioned2017-05-08T21:21:39Z
    date available2017-05-08T21:21:39Z
    date copyrightDecember 2009
    date issued2009
    identifier other%28asce%291076-0342%282009%2915%3A4%28406%29.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/48410
    description abstractOne of the main topics in the Georgia Tech/NEES Grand Challenge project “Seismic Risk Mitigation for Port Systems” is the evaluation of seismic risk management approaches for ports. One subtopic of this main topic is the re-evaluation of pertinent financial risk and decision procedures for assessing seismic risk-reduction measures. In light of many criticisms of benefit-cost and least mean total cost methods, previous port seismic risk and decision procedures have benefited from the application of the mean-variance criterion. However, serious objections have been posed to the use of the mean-variance criterion so that exploration of stochastic dominance methods is encouraged. This paper outlines these methods in terms of simplifying nonparametric and upper-order statistics. Focusing on the tails of total cost distributions, this paper shows the value of these methods, but also the value of using almost stochastic dominance when strict stochastic methods fail.
    publisherAmerican Society of Civil Engineers
    titleExploring Financial Decision-Making Approaches for Use in Earthquake Risk Decision Processes for Ports
    typeJournal Paper
    journal volume15
    journal issue4
    journal titleJournal of Infrastructure Systems
    identifier doi10.1061/(ASCE)1076-0342(2009)15:4(406)
    treeJournal of Infrastructure Systems:;2009:;Volume ( 015 ):;issue: 004
    contenttypeFulltext
    DSpace software copyright © 2002-2015  DuraSpace
    نرم افزار کتابخانه دیجیتال "دی اسپیس" فارسی شده توسط یابش برای کتابخانه های ایرانی | تماس با یابش
    yabeshDSpacePersian
     
    DSpace software copyright © 2002-2015  DuraSpace
    نرم افزار کتابخانه دیجیتال "دی اسپیس" فارسی شده توسط یابش برای کتابخانه های ایرانی | تماس با یابش
    yabeshDSpacePersian