Transcription of Basic Principles of Earthquake Loss Estimation - …
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1A Campaign by theA Campaign by theEarthquake Engineering Research InstituteEarthquake Engineering Research InstituteNorthern California ChapterNorthern California ChapterBasic Principles ofEarthquake loss Estimation -PML and Beyond- Single-Site Seismic RiskSeismic Risk Terminology Exposure: the buildings, contents, people andprocesses at risk Earthquake Hazards: ground shaking, soilliquefaction, surface fault rupture, slopeinstabilities, tsunami, seiche, etc. Seismic vulnerability : fragility ordamageability, the relationship betweenhazard and damage, loss or disruption Risk: the relationship between loss severity andfrequency2 RiskRisk occurs at the intersection ofexposure, hazard and vulnerabilityR = E x H x VR = E x H x VRiskRisk has at least two dimensions: severity and frequency, or mean and varianceAnnual Frequencyof ExceedanceLoss, Damage, Casualties or Downtime3 Return Period vs.
2 Risk Risk occurs at the intersection of exposure, hazard and vulnerability R = E x H x V Risk Risk has at least two dimensions: Ð severity and frequency, or
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