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Prioritizing Interventions to Reduce Seismic Vulnerability in School Facilities in Colombia
Author(s) -
Mora Miguel G.,
Valcárcel Jairo A.,
Cardona Omar D.,
Pujades Lluis G.,
Barbat Alex H.,
Bernal Gabriel A.
Publication year - 2015
Publication title -
earthquake spectra
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.134
H-Index - 92
eISSN - 1944-8201
pISSN - 8755-2930
DOI - 10.1193/040412eqs151t
Subject(s) - retrofitting , vulnerability (computing) , status quo , benefit–cost ratio , investment (military) , business , net present value , actuarial science , environmental planning , risk analysis (engineering) , geography , engineering , computer science , production (economics) , economics , political science , computer security , structural engineering , politics , law , market economy , macroeconomics
The Colombian seismic code NSR-98 establishes the requirement for the seismic vulnerability analysis and, if necessary, the strengthening of public facilities (schools). Due to the investments required by risk-reduction programs, it is necessary to establish criteria for assigning priorities for the interventions. This article proposes a methodology for obtaining a benefit-cost ratio (BCR) at the subnational level, by assessing the expected annual average loss of the built area of public schools and the retrofitting cost. The BCR is estimated as the difference between the estimates of the net present value for status quo and retrofitted states, both divided by the retrofitting costs. According to the BCR, 47.3% of the total school-built area of Colombia should be retrofitted where the retrofitting costs correspond to 25% of the total investment. Proposed BCR is useful for prioritizing regions as a function of the feasibility of reducing the seismic vulnerability of the schools.

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