e537c30a_Funded_Project_Archive__Title
[Project #] 1362005 [PI Name] Jim Beck [Institution] Caltech [Title] 
Loss Modeling for Downtime, Deaths and Decision-Making The main goal of this project is to continue to work towards closing the gaps that exist in the loss estimation module of the PEER performance-based earthquake engineering methodology. We aim to close these gaps by Year 10 in order to complete, document and package the PEER methodology. Specific objectives for Year 9 are: Joint methodology document. Prepare a joint document of PEERs loss estimation methodology with PI Miranda at Stanford which presents PEERs damage- and loss- analysis methodologies for the repaircost decision variable. Indirect loss associated with downtime. In coordination with PI Comerio at UC Berkeley and BIP Hecksher, complete the PEER damage- and loss-analysis methodology for the decision variable of indirect losses arising from downtime, including the probability of building closure (thereby creating a virtual building inspector). Decision-analysis performance metric. In coordination with PIs May and Ince, work on the decision-analysis framework that uses the 3 Ds (deaths, dollars, and downtime) as decision variables but also allows decision makers to account for their risk attitude.
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