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2008
DOI: 10.1016/j.ress.2006.12.014
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Cost–benefit optimization for maintained structures by a renewal model

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Cited by 22 publications
(7 citation statements)
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“…From a reliability engineering perspective, they are series flood protection systems. By definition, series systems fail if any one of their components fails (Joanni and Rackwitz 2008). In order to determine the failure probabilities of the dyke-ring components, which are here defined as probabilities of breaching, the hydraulic load events that they are subject to and their structural resistances need to be determined.…”
Section: Failure Of Flood Prevention Systemsmentioning
confidence: 99%
“…From a reliability engineering perspective, they are series flood protection systems. By definition, series systems fail if any one of their components fails (Joanni and Rackwitz 2008). In order to determine the failure probabilities of the dyke-ring components, which are here defined as probabilities of breaching, the hydraulic load events that they are subject to and their structural resistances need to be determined.…”
Section: Failure Of Flood Prevention Systemsmentioning
confidence: 99%
“…Assuming r ′ = ln(l + r ), the present value factor would become Eq. , which is the continuous capitalization function . For r << 1, a good approximation could be obtained with r ′ ≈ r .…”
Section: Life Cycle Cost Of Concrete Componentmentioning
confidence: 99%
“…In the formula p is the vector of all safety relevant parameters, B(p) is the benefit derived from the repairing, C(p) is the cost of the repairing and D(p) is the cost in case of failure; it is assumed that all quantities can be measured in monetary units. A repair intervention is financially optimal if the previous equation is maximised, and a structure rehabilitation makes sense only if R(p) is positive (Rackwitz, 2007; Joanni and Rackwitz, 2008).…”
Section: Introductionmentioning
confidence: 99%