A Predictive Modeling Approach to Estimating Seismic Retrofit Costs

Published

February 20, 2020

Author(s)

Juan F. Fung, Siamak Sattar, David T. Butry, Steven L. McCabe

Abstract

This paper presents a methodology for estimating seismic retrofit costs from historical data. In particular, historical retrofit cost data from FEMA 156 is used to build a predictive model to estimate retrofit costs as a function of building characteristics. While not as accurate as an engineering professional’s estimate, this methodology is easy to apply to generate quick estimates and is especially useful for decision makers with large building portfolios. Moreover, the predictive modeling approach provides a measure of uncertainty in terms of prediction error. The paper uses prediction error to compare different modeling choices, including the choice of distribution for costs. An application to an actual building portfolio illustrates how the choice of distribution affects cost estimates.

Citation

Earthquake Spectra

Pub Type

Journals

Download Paper

https://doi.org/10.1177%2F8755293019891716

Local Download

Keywords

Prediction, Seismic, Retrofit, GLM

Citation

Fung, J. , Sattar, S. , Butry, D. and McCabe, S. (2020), A Predictive Modeling Approach to Estimating Seismic Retrofit Costs, Earthquake Spectra, [online], https://doi.org/10.1177%2F8755293019891716 (Accessed November 17, 2024)