@article {bnh-6901, title = {Cost-effective mitigation strategy development for building related earthquake risk}, number = {565}, year = {2020}, month = {05/2020}, institution = {Bushfire and Natural Hazards CRC}, address = {Melbourne}, abstract = {

The CRC project Cost-effective mitigation strategy development for building related earthquake risk\ is seeking to address the need for an evidence base to inform decision making on the mitigation of the earthquake risk posed by vulnerable Australian buildings. It aims to develop information related to more vulnerable Australian building types in the following areas:-

This report describes progress made against the last component which undertook some trial runs to estimate business income loss and rental income loss and provided a complete work plan for estimating direct health care cost.

The economic loss modelling approach aims to encompass the information needs of a range of decision makers. These view benefits through different {\textquotedblleft}lenses{\textquotedblright} and at differing scales. For this research they include:-

This report presents the methodological progress in estimating the proprietary and wage/salary income loss due to business interruption, direct health care costs and the casualty costs to society due to injury and loss of life in the context of the forthcoming Melbourne city case study. The report corresponds with the 30 June 2019 project milestone deliverable {\textquotedblleft}Reporting on Economic Evaluation of Mitigation Strategies and Building Level{\textquotedblright}.

}, keywords = {buildings, cost-effective, earthquake risk, mitigation strategy}, issn = {565}, author = {Itismita Mohanty and Mark Edwards and Hyeuk Ryu and Martin Wehner} }