Natural Hazard Influence Model of Maintenance and Repair Cost for Sustainable Accommodation Facilities

Abstract

To optimally maintain buildings and other built infrastructure, the costs of managing them during their entire existence—that is, lifecycle costs—must be taken into account. However, due to technological improvements, developers now build more high-rise and high-performance buildings, meaning that new approaches to estimating lifecycle costs are needed. Meanwhile, an accelerating process of industrialization around the world means that global warming is also accelerating, and the damage caused by natural disasters due to climate change is increasing. However, the costs of losses related to such hazards are rarely incorporated into lifecycle-cost estimation techniques. Accordingly, this study explored the relationship between, on the one hand, some known parameters of natural disasters, such as earthquakes, high winds, and/or flooding, and on the other hand, the data on exceptional maintenance costs, represented by gross loss costs, generated by a large international hotel chain from 2007 to 2017. The regression model used revealed a correlation between heavy rain and insurance-claim payouts. This and other results can usefully inform safety and design guidelines for policymakers, both in disaster management and real estate, as well as in insurance companies

Development of Model to Predict Natural Disaster-Induced Financial Losses for Construction Projects Using Deep Learning Techniques

“…Moreover, damage ratio for calculating the actual amount of damage and claim payout has been utilized to estimate maintenance and repair cost for accommodation facilities. One study has determined the maintenance cost of an international hotel chain caused by natural hazards such as floods, hurricanes, power outage, and so on using multiple regression analysis and damage ratio to determine the most influential risk factors for future repair costs [27].…”

Identifying Risk Indicators for Natural Hazard-Related Power Outages as a Component of Risk Assessment: An Analysis Using Power Outage Data from Hurricane Irma

“…According to Sissine [24], population growth and rapid urbanization have rendered high-performance buildings an important possible solution for sustainability. If the need for such buildings is to be met, however, their long-term environmental and economic sustainability should be considered simultaneously [25]. The U.S. Green Building Council [26] has proposed that the three main sustainability factors for quality of life are the present and future harmony of society, the economy, and the environment.…”

“…However, most such studies continue to include only the costs of repairing damage in the immediate aftermath of natural disasters [54]. Due to global warming and rapid urbanization, the frequency and intensity of such disasters are both increasing [25]. To supplement and support the findings of the prior studies reviewed above, therefore, new, more holistic approaches will be needed.…”

Technology and Management for Sustainable Buildings and Infrastructures

“…The authors of the published papers used various analysis techniques to obtain the suggested solutions for each topic. Listed by key techniques, various techniques such as Analytic Hierarchy Process (AHP) [3,12], the Taguchi method [4], machine learning including Artificial Neural Networks (ANNs) [5,28], Life Cycle Assessment (LCA) [6,7], regression analysis [13,17,19,25,28], Strength-Weakness-Opportunity-Threat (SWOT) [11], system dynamics [16,26], simulation and modeling [10,19,[22][23][24]29,31,32], Building Information Model (BIM) with schedule [21,24,27], and graph and data analysis after experiments and observations [8,9,14,15,18,20,27,[29][30][31][32] are identified.…”