Abstract:A structural health monitoring (SHM) system is essentially an information-gathering mechanism. The information accumulated via an SHM system is crucial in making appropriate maintenance decisions over the life cycle of the structure. An SHM system is feasible if it leads to a greater expected reward (by making data and risk-informed decisions) than the intrinsic cost (or investment risk) of the information acquiring mechanism incurred over the lifespan of the structure. In short, the value of information acqui… Show more
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