Abstract:Seismic risk is usually defined as the probability of exceeding a specified level of loss due to earthquakes for a set of goods within a reference period of time. Usually it is measured by considering the convolution of three main factors: hazard (probability of earthquakes), vulnerability (probability of damage, given the earthquake), and exposure (probability of loss given the damage). Thus, the seismic risk in a geographical region depends on many uncertain variables pertaining to the three main factors lis… Show more
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