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Optimal Strategy for Business Recovery after Earthquakes

By Alfred B. Mason, James L. Beck, Younes Achkire, Simon Wilkie and Ayhan Irfanoglu


A methodology for choosing the best recovery strategy is presented for a company that owns\ud multiple income-producing properties damaged in an earthquake. The basic idea is to choose\ud recovery actions that maximize the net asset value of the properties owned by the company. This\ud methodology helps to address the question of whether each property should be repaired or\ud demolished. It allows the optimal expenditure rate and optimal time for repair or demolition to be\ud determined. Furthermore, when the total cost of repairs is subject to a budget constraint, the\ud methodology shows whether each property should be repaired immediately, delayed or never\ud repaired

Publisher: New Zealand Society for Earthquake Engineering
Year: 2000
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Provided by: Caltech Authors
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