The economics of earthquake engineering
DOI:
https://doi.org/10.5459/bnzsee.4.2.205-221Abstract
This paper attempts to provide the designer of large scale engineering works with a rational method for judging how much capital it is proper to spend on earthquake engineering for the project in question. It does this by setting up the concept of a hypothetical disaster fund maintained by capital contributions from each new project built.
A variety of examples is given to illustrate the argument and the application of the method.
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